Loan Officer Positions with Old Providence Mortgage Co.

 

Why work for Old Providence Mortgage?

Commitment to Your Success

Our customers are loan officers...not borrowers
As a basic philosophy, we do not believe that branch managers should originate.  Our success (and compensation) is tied directly to your success, and because we have a vested interest in your career, we pledge to work tirelessly, full time, in your behalf.

The recipe for a successful career
The most successful mortgage originators are able to establish a network of associates, friends, referral partners, and past clients - and develop referrals and repeat business from them.  This “sphere of influence” marketing method is the proven key to a long and fruitful career in the industry.  We have the experience and the tools to show you how improve your own efforts to establish and cultivate a strong sphere of influence and a  solid book of business.

Our commitment to you includes:

  • A state-of-the-art marketing database loaded with pre-built campaigns and marketing pieces that you can customize to fit your style.  This system will help you manage your contacts, and stay in touch with prospects and past clients.  It also provides real-time status updates to you, your borrowers, and your partners via email as we process your loans.
  • Professional office space where you can meet with your clients, whether you work from one of our private offices or from home.  (Our current office is in Centerville, and future offices are planned in South Jordan, Ogden, and downtown Salt Lake.)
  • A company lap-top (if needed) with licensed software including Microsoft Office, Adobe Acrobat & Calyx Point, as well as a docking station, keyboard and monitor in the office.
  • A strong brand name that opens doors & provides a level of trust that will help you close more deals and establish stronger referral relationships.
  • Professional corporate funded marketing campaigns designed to build our brand and stabilize your pipeline.
    Plenty of product & marketing training to keep you up-to-date on guidelines and offerings for your clients, and to  help you find deals now and build a lasting book of business.
  • Professional office equipment including high speed printers, fax, scan, and copiers with 250 free color prints per month.
  • Supportive office staff, including in-house processors and full-time administrative assistants to help you with marketing and other administrative needs (such as preparing mailers for your database monthly.)
  • A personal marketing expense account (up to  $150/month.)  We’ll reimburse you for efforts to stay in front of your database, meet realtors & builders, and cultivate referral relationships.
  • Your own pre-built web-site based on our main site: www.oldprovidence.net.  Your prospects can apply on-line, read about you and your company, and read testimonials from other satisfied clients.
  • Our Calyx Point Data Server allows you access to your loan files at any time, from anywhere with an internet connection.  These are the same files your processor works in, so you will always have status updates at your fingertips.
  • All of our technology is set up to allow you to work from home just as smoothly as if you were in the office.
    One-on-one mentoring and guidance from an experienced and educated manager who has found success in the mortgage and personal finance business for over a decade!

Access To Lenders and Programs You Need  

The Importance of FHA & VA in this market
In our ever-changing market, FHA & VA loans have become an increasingly important part of a loan officer’s product offerings.  FHA loan decisions are not FICO based, and require a very low 3% down payment, which is often gifted by a family member or another acceptable party.

FHA also allows some of the most competitive cash-out refinance and reverse mortgage options available today. It is truly one of the most important products in our market.

Only lenders & brokers that meet FHA’s standards for net worth and quality control can originate FHA loans, and we’re proud to be an independently approved non-supervised loan correspondent.

Utah Housing
The Utah Housing program builds upon an FHA loan and adds more benefit to your borrowers by subsidizing interest rates, and offering  a “community 2nd” mortgage product to allow  total financing up to 103% of the purchase price.  Utah Housing loans will become one of your strongest tools to attract referrals from real estate agents, as well as business from valuable first-time home buyers and their friends.  Old Providence is one of the few brokers in the state that offers Utah Housing loans. 

Other Loan Types
At Old Providence, you are able to originate construction loans (including one-time close), commercial mortgages, reverse mortgages, 2nd mortgages (including home equity lines of credit) and other loan types.  It is increasingly important that you become the main mortgage resource for your clients throughout their life.  If you’re handing your clients to others for these loan types, you may also be handing off valuable relationships and potential future business.  

Our Lenders
Old Providence is continually adding to our list of lenders.  We are currently approved and submitting loans to over 20 lenders with an ever-growing list.  The lenders on our list include:

American General Finance
Banco Popular
Bank of Utah
Beehive Credit Union
Centennial Bank
Citi Mortgage
Construction Capital Source
Equifirst
First Horizon
Flagstar Bank
GB Home Equity
Homecomings Financial
IndyMac Bank
Irwin Mortgage
Key Bank
M&I Home Lending Solutions
New Line Mortgage
Provident Funding Associates
Sierra Pacific Mortgage
Silver Hill Financial (Commercial)
Stearns Lending, Inc.
Suntrust Mortgage
Taylor, Bean & Whitaker
US Bank Mortgage
Wells Fargo Home Mortgage
Wachovia
Zions Bank
And many more...

Strong Brand & Marketing

Our marketing plan in a nut-shell
We invest heavily in advertising & marketing with two goals in mind.  First, to establishing a trusted and recognizable name.  Second, to drive new business to our loan officers.  Everything we do as managers is focused on making our loan officers more successful—including our marketing.

Building your career with each lead
When a lead comes into our office, it is handed off immediately to a loan officer. Your job will be to turn each contact into a satisfied customer and grow your personal book of business through referrals and repeat business.

We automate your marketing
If you’ve ever experienced the roller-coaster affect with your volume, it’s usually because you don’t have time to market effectively and handle a solid pipeline of loans at the same time.

We believe your personal sphere-of-influence marketing is so important that we take most of the work out of your hands.  Our office staff and technology make it easy for you to automate your marketing.  We will do the paperwork to make sure your clients get newsletters, emails, and other value-added content to further establish your credibility.  If you have time, you can customize some or all of our marketing materials to fit your style, if you’re busy handling your pipeline, the marketing is done for you!


Our Brand Opens doors as you market yourself
You will be expected to work fulltime to continue to add to the referral base that you have already established.  This includes working with other real estate professionals and prospecting for new business.  Everything you do in that effort will be more effective because of the company you represent.  Real estate agents, builders and clients will be more willing and accepting because of what we stand for, and because of an inherent trust we are building with the community through our branding campaigns.