What's the company culture at AMERISAVE MORTGAGE?

JimJamie08 you said it, it is a very lousy first impression! I have been asking the guy that recruited me and he doesn't even know whats going on. I planned on first booking some loans and I have a few people that want to come on also but I dont think I can in good faith put them through the hiring process.
where is sunrise? I'm going to look at some other opportunities here in Miami

Rosie,

You are not in our database as having applied?

Kyle D. Zotter
National Sales Director
Amerisave Mortgage Corporation

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I will be staring in the inbound call center from home.
The hiring process has taken 2months I funding loans isnt a problem.

Don't believe the hype! 8 - 15K is VERY attainable here! We have many ppl doing it!

Kyle,

I'd like to know truthfully how VERY attainable it is. Please provide details. How many leads available? At what cost? What funding ratio? Avg revenue per loan? Avg funded loans per LO per month? % of A B C loans? % of Purchase vs refi?

And please explain why is Amerisave is better to work for than the fifty plus other companies looking for LOs in the ATL area at this moment? Thank you.

Amerisave Official in Atlanta, Georgia said: Honestly, Amerisave did get caught in January and February when rates dropped a full percentage point and business doubled practically overnight. We had to quickly adapt and staff up our operations side, which we did. This process is now complete and our new processors and underwriters are in place. We don't expect to have the same challenges going forward.

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I meet all the criteria. I was invited to a webinar tonight and din't realize it was Eastern Time (I know...foolish).

I am now going through the process of orientation with someone who is fairly competant, but asks us newbys to be patient because its only her and another person who was polite but they both seem to be over-worked, and Amerisave appears to be under-staffed as the trainer was reluctant at first to address my technical questions and her partner could not give me a reasonable answer to my question....I could only chat with him, so it became frustrating that when I asked to speak to a manager or a live human, they politely explained that I could only comunicate via e-mail or chat...Being paperless, and totally automated with the IT is a good thing, but technology doesn't replace personal contact with the customer....The Japanese sales people have an old proverb that says, "The Customer is God!"....I guess the whole pyramid thing with building up your down-line of recruits is not a bad thing, but just like Mr.Obama orates a great marketing plan, but lacks substance & experience, I am hopefull that all this time and money invested will pay off....I owned a small mortgage company before, and had reasonably good sucess for the first four years, but the last two years have killed me financialy....I worked in a call center with a national lender, and was blessed to make top monthly sales executive twice in less then a year...I have also worked for another broker making six figures three years consecutively, but this market is totally different...Consumer confidence is in the crapper, The international global markets have replaced the currency that they trade with from the long standing American dollar with the Euro...The national and local government are too busy finger pointing blaming any one they can but themselves..Its a new game...FHA has replaced the B-C loan, & the fed chairman is running the whole show..Its great to make a huge YSP with FHA, but who are we kidding here...With a typical FHA purchase, buyers are @ 102.5% w down-payment assistance...Can you say FORCLOSURE

As a Realtor, I would have to relinquish my license to originate FHA loans...DBF, GA.R.E.Commission, Fannie, and Freddie are OK with duel capacity as long as it is disclosed on the R.E. purchase contract...Moving to a company like Amerisave is half the reason to originate FHA loans...but how many FHA leads percentage wise would I get in the GA market with Amerisave's leads....Is it worth it for me to lose my license...Lately, it has been a down market but showing signs of rebounding in Atlanta....Any Amerisave LO's in GA. can shed some light on percentages of FHA leads to total leads, and closing ratios?

I will tell you this about Amerisave... ITS HORRIBLE!!... I was fooled by this guy Vinceno who is one of the "top recruiters". This guy sent out all kinds of BS emails saying that its totally attainable to make all this money.($15k).. yet It was my fault for not verifying any of it. The sad truth is these so called recruiters will say WHATEVER they can to get you onto an amerisave team, simply because it is a pyramid scheme.. they get paid based on what you produce.. they give out all these BS numbers without proof because what they hell do they care if people are making $2k a month... if they hire a 100 brainwashed fools who make the average income of $2k at this company, then they still make good commission on top of those people. Don't listen to this Zotter guy either. This guy got kicked off of other forums for putting false info... Im sure if you search on a few broker forums you'll see how many places this knucklehead has been exilled for LYING. IF you do want to test the waters with this place, make sure you don't quit your job! Take a week vacation and test it out... ask your team lead for some funding reports, and do the math yourself!! You have been warned!

I'm sorry but please name a forum that I have been kicked off of? Secondly, Amerisave is what you make of it . . . as is any mortgage company that you work for these days. The reason we attract so much attention is b/c we have the lowest rates, the BEST technology, FHA full eagle licensing, 50 States, and the ability to build a NATIONWIDE TEAM with overide income. Also FYI . . . Amerisave first and formost is a Mortgage Company. Why would one of our employyes try and recruit someone and lie to get someone on board? It would not make much sense b/c the LO would not make money; hence the recruiter and company would not make money. If any of you reading this are considering working for us, please contact me directly at [Edited by Host: Phone # deleted] and I can give you MANY references that are making BIG $$$ here.

Loganville from above. Please contact me and I can send you proof!

Kyle D. Zotter
National Sales Director
Amerisave Mortgage Corporation

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I am looking into the Amerisave opportunity. I believe that no matter what company you look at, there are always going to be two sides of the story. Everyone at Amerisave is not experienced. Some people come aboard and probably don't put forth any effort at all. Some probably need to be working a 40 hour job. It's not easy being self employed. Working from home has many distractions. I say it's always best to check things out for yourself and not listen to negative people. Let's face it, all Realtors don't make 6 figures. Does that mean the whole industry is bad? Another question is this, what are LO's at Amerisave doing as far as marketing and networking? If you are struggling, what are you doing as far as marketing? Or are you simply relying on buying leads?

Kyle D Zotter - National Sales Director in Altanta, Georgia said: I'm sorry but please name a forum that I have been kicked off of? Secondly, Amerisave is what you make of it . . . as is any mortgage company that you work for these days. The reason we attract so much attention is b/c we have the lowest rates, the BEST technology, FHA full eagle licensing, 50 States, and the ability to build a NATIONWIDE TEAM with overide income. Also FYI . . . Amerisave first and formost is a Mortgage Company. Why would one of our employyes try and recruit someone and lie to get someone on board? It would not make much sense b/c the LO would not make money; hence the recruiter and company would not make money. If any of you reading this are considering working for us, please contact me directly at [Edited by Host: Phone # deleted] and I can give you MANY references that are making BIG $$$ here.

Loganville from above. Please contact me and I can send you proof!

Kyle D. Zotter
National Sales Director
Amerisave Mortgage Corporation

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You have no credibility dude. Show some numbers or stop your rant and rave. You guys are all the same...Josejose is the only one with the balls to show past funding numbers that were acurate, and only 1 or 2 of the people in your company made numbers within $5k of what you claim. Just like the other forums.. you never put up FUNDING numbers and explain in detail to people do you... you guys make me laugh! And the funniest thing is the "inbound" call center position has everyone on an outbound dialer now..... ha ha... imagine that.. calling crap lower my bills leads all day... what a joke

Any educated person that is reading this forum . . . please contact me directly. You cannot depend on the credibility of these posts. It always amazes me what the competition will do to trash us. For example putting multiple nonsense posts under different usernames to attempt to persuade lo's from coming over to us. The type of people that do this are obviously frustrated that they cannot cut it in this market, or we have taken a lot of there lo's. After all, there's a reason we have funded over 6 billion in loans per month in the past few years alone, we were featured on CNN as having the lowest jumbo rates, we are one of 5 UPFRONT certified mortgage lenders, we have the BEST guarnatee's in the business for our clients, and we were recently featured in Money Magazine as being one of the best lenders based on transparency of fee's! This list goes on and on. Again, don't believe the hype. Contact me and see for yourself why Amerisave Mortgage is one of the Nation’s Fastest growing mortgage companies!

No. I would never consider working for your company b/c you are so defensive about my post which tells me as I already Know that the mtg biz is bad now and also why is it that your ad says 3K+ monthly that gives you a big out. Look, I know you're trying to get as many people as you can and you never did give us an answer to my question. So good luck and God bless you.

I really appreciate your reply cause I Know. If we can at least warn others as you have that's all that matters. Fact is, the conventional mtg biz TODAY is on life support. And I'm not the competition Kyle, I just know the freakin mkt right now. And you won't prove any numbers TODAY. I don't give a hoot about what happened years past. Those days are over! You talk about Jumbos? No One is getting them. The rates are too high! You are preying on the ignorant. Period.

What's the big secret Kyle? Post the proof for ALL to See! Why wouldn't you if it's the truth? I know you won't. Cause it's all BS. Here's what I know.

You may be doing some FHA and the few A paper you're making next to nothing on. The way you make your money is to get the LOs to PAY you for software upfront. It's a multi level marketing scheme. B/c you know most will not make anything. At least you get something uprfont.

You see folks don't ever pay an employer anything for the right to work. If they were so sure you would make money with them WHY would they want you to buy THEIR software?

There's no credibility b/c there isn't any! Let's move on and get out of here. There is nothing here! Period. Move On.

FYI, you are not required to pay the licesing fee to be employed with us. Secondly it is refunded after the lo closes three loans if they were to pay the licensing fee. The licensing fee gives the lo acres to our technology, lead discounts, there own website, training, efax and more. The mortgage industry is far from dead! We are having record breaking months! As I have said before, if you have any questions or want to find out more about our programs [Edited by Host: Phone # deleted].

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Kyle D Zotter - National Sales Director in Altanta, Georgia said: FYI, you are not required to pay the licesing fee to be employed with us. Secondly it is refunded after the lo closes three loans if they were to pay the licensing fee. The licensing fee gives the lo acres to our technology, lead discounts, there own website, training, efax and more. The mortgage industry is far from dead! We are having record breaking months! As I have said before, if you have any questions or want to find out more about our programs [Edited by Host: Phone # deleted]

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"We are having record breaking months!" "there own website". Oh my Lord! From when? You don't give up. Also it should be "their" not "there". Look, I don't want to get into a pissing match with you. It's obvious to me you're just trying to cover your ass. I told you I'm movin on!

The licensing fee gives the lo acres to our technology, lead discounts, there own website, training, efax and more

How many "acres" do I get? Cause that sounds interesting. Give me some acres.

I thought you said you were done. Lol. I sent that from my iphone. ;)

Kyle, so a new LO doesn't have to pay the licensing fee? So if I were to sign up I wouldn't have access to the loan pricing software, lead discounts, training, efax or my own site? How would I be able to close a loan? I'm not trying to be sarcastic in any way. I am just trying to see what effect not paying the fee would have on me.

Exactly. You would just go off the rate sheets and submit full packages to your team leader. You do not have to pay the refundable $350 licensing fee. The majority of our lo's pay it b/c they want the website, technology, efax, etc. Ex. www.amerisave.com/partner/kzotter

Kyle D. Zotter
National Sales Director
Amerisave Mortgage Corporation

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Could I pay the fee after I close the first loan?

You can pay it whenever you want in order to get access to our technology and the website.

Kyle D. Zotter
National Sales Director
Amerisave Mortgage Corporation

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LO with CW here , can anyone reccmoend a good fha appraiser in orange county ca.
Thank you

Kyle Zotter makes more money than 99% of the people on this forum. I speak nothing but the truth and have a very successful team here at Amerisave. Please speak objectively and not opinionated. I guarantee there is A LOT of potential with this company and if you cannot recognize it or make it happen, it's because you're a quitter. E-mail me at nscheribel@amerisave.com. I will personally teach you how to be successful.

does anyone have a good link for a dti caculator?

and ytd cac

I have a loan for a friend in ca. I need to find a good lo to give this 2, I am not looking for anything , I just need good service for him on this mortgage.

Your friend can call Blake
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Your friend can contact April
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She is an excellent LO. She willget it done.

THAT'S NICE..........STEPPING ON ANOTHER AMERISAVE LO......CLASSY

I thought you said you were done. Lol. I sent that from my iphone. ;)

Kyle, Who cares where you sent it from? iphone, ipod,

Sorry because I'm not familiar with the way this forum works. Evidently all responses to this forum come to my email.

Getting back to you. IMHO you can't prove much. Your position is to recruit.

I haven't seen one Amerisave LO come up to the plate and prove anything. Where's the First Lady? that was so verbal just a short while ago, In other words it's like any other sales gig.

A revolving door. You're getting paid to keep the door open. Waste their time and money and who cares? It's anumbers game. Right? And you will never deny it until your paycheck doesn't depend on it.

The reason Amerisave employees are not coming to the plate to prove anyting is b/c we are busy booking loans. You keep saying revolving door, etc. You seem to fail to realize that we are a mortgage company. We only make money when lo's book loans. Just like any company. Please call me and I can clarify. Invitation is open.

Kyle
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Kyle D Zotter - National Sales Director in Altanta, Georgia said: The reason Amerisave employees are not coming to the plate to prove anyting is b/c we are busy booking loans. You keep saying revolving door, etc. You seem to fail to realize that we are a mortgage company. We only make money when lo's book loans. Just like any company. Please call me and I can clarify. Invitation is open.

Kyle D. Zotter
National Sales Director
Amerisave Mortgage Corporation

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Exactly! The key here is mortgage "company." Mortgage banks and direct lenders are not on this site criticizing your business. They are too busy training and managing their employees who work on site, directly under their supervision. I have worked for two direct lenders in the past, and frankly, none of them would waste their time on this site because, a) they don't have any free time, and b) it is blocked by websense.

Again everyone, DO NOT QUIT YOUR JOB. Check these folks out and do consider working for a "direct" lender who does not hit you with the 10% fee Amerisave does. Very soon, all the big guys are going to adopt the same business model with better processees and infrastructure. Countrywwide is already getting the ball rollling. Just check ou their job requisitions.

Anonymous in Loganville, Georgia said: I thought you said you were done. Lol. I sent that from my iphone. ;)

Kyle, Who cares where you sent it from? iphone, ipod,

Sorry because I'm not familiar with the way this forum works. Evidently all responses to this forum come to my email.

Getting back to you. IMHO you can't prove much. Your position is to recruit.

I haven't seen one Amerisave LO come up to the plate and prove anything. Where's the First Lady? that was so verbal just a short while ago, In other words it's like any other sales gig.

A revolving door. You're getting paid to keep the door open. Waste their time and money and who cares? It's anumbers game. Right? And you will never deny it until your paycheck doesn't depend on it.

First of all I did not say ANYTHING that was PRO_AMERISAVE! Since I had no facts either way. What I did say is that since the market has changed it is that much more difficult to get business done so the days of 10-15k were in the past except for a select few. I also stated that for me it would appear to be a good move, saving on gas, lunch ect... I also stated that they seem to have exaggerated about the EARNING potential, didn't want to caLL THEM STRAIGHT OUT LIARS but you be the judge. Of course it's said that it is VERY OBTAINABLE however, when we all see the sales report and do the math it has to be just a few achieving this! I also stated that if we had all done the math (those that signed up that is) we ahould have caught this because internet leads by nature are shoppers add in the fact that they have no urgency and its that much more difficult to convert versus direct marketing. I also stated that if you could possibly close at least 4-6 month even with the low commission structure it MIGHT NOT be a bad trade off for gas savings ect... So I have no clue as to why you mentioned me, by NO MEANS was I standing up for the company since I did not have my OWN experience to base it off

I work for a direct lender...Chase. And guess what - we are having hard times too. Our credit policies are so tihgt you almost have to prove you don't need the money to get qualified! I have actually met with a real live local recruiting manager, not just over the web. She was very professional, not pushy, and showed a true interest in her team of LOs. I have done a lot of research on this, as they are going to shut our loan site down soon (job stability is no where to be found)and, so far, I have found nothing wrong with this firm except for trash talk from underqualified LOs that can't make it in a non hand-fed world.

Thanks for proving my point Jay. I couldn't agree more. If you work Amerisave's system, you will be sucessful!

Kyle D. Zotter
National Sales Director
Amerisave Mortgage Corporation

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You're welcome Kyle. Oh, look at that...Kyle didn't even try to recruit me out from under the manager that I met. And for the record I actually first started talking with another Amerisave manager several states away, and that manager handed me off to a local person to speak with, and the local manager will get the credit....This kind of rebukes the myth of recruiters grabbing any LOs they can find to make any money they can get. What do some of the people on this site have against Amerisave that they have to make up trash talk like that? Do they regret missing out or wasting an opportunity they wish they had?

All the negative posts on this forum are HIGHLY suspicious if you ask me and cannot be verified. If you read through all the posts it's the same ppl posting this nonsense about us. There are 2 types of people in this world. Those that make things happen, and those that sit and watch things happen. If anyone reading this post is considering coming over to Amerisave, please contact me directly [Edited by Host] Contact info deleted

Kyle D. Zotter
National Sales Director
Amerisave Mortgage Corporation

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Anyone wanting proof of Kyle's BS.. can go to www.brokeroutpost.com, and do a search. He used to always post the same BS, and would never try to PROVE any numbers. Kyle.. you say you're so busy making money? Then why the heck are you spending 24/7 trying to defend a company with NO credibility. (((The proof is already there. The FUNDING numbers have ALREADY been posted, and the NUMBERS PROVE THAT HARRY ZOTTER IS FULL OF BS!!!!!)))) Sorry Zotter...you should really try close a loan or 2 instead of brainwash new recuits that are gonna quit on you in a month anyway!! ;)

Shows how much you know about Amerisave and our credibility! I always have shown proof. If you read the posts you will see that I said to contact me for details. The reason why I am active on these forums is b/c it bothers me when someone trashes our company and doesn't have their facts straight whether it is the competition or someone who is just misinformed as to our policies. Secondly I am not just a recruiter. We are a mortgage company, not a recruiting company. If loans do not close we do not get paid and the company goes out of business. Our bread and butter is closing loans. We give every Loan officer the tools to succeed in today’s industry. It's their choice whether or not to utilize them. We provide discounted leads, awesome technology, low rates, guarantee's that no one else has, and we guarantee all of our closing costs in writing to name a few. If you know of any other mortgage company that will allow you to work from home, 50 state licensing, discounted leads, ability to build a team I would like to know about it.

Amerisave Mortgage - One of 5 upFront Certified Mortgage Lenders in the Nation
www.amerisave.com/why_amerisave/upfront_lender.cfm

CNBC – Amerisave featured as having the lowest Jumbo loan rates in the country
www.amerisave.com/why_amerisave/upfront_lender.cfm

Money Magazine – Amerisave discussed as top Certified Upfront Mortgage Lender
www.amerisave.com/why_amerisave/upfront_lender.cfm

Wall Street Journal - Amerisave Mortgage Teams With Watchdog
www.amerisave.com/why_amerisave/upfront_lender.cfm

Kyle D. Zotter
National Sales Director
Amerisave Mortgage Corporation

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You are just making yourself look worse! Maybe you missed what i posted earlier... here it is AGAIN:(((The proof is already there. The FUNDING numbers have ALREADY been posted, and the NUMBERS PROVE THAT HARRY ZOTTER IS FULL OF BS!!!!!)))

What do you have to say about that? Was the funding report lying to us all??

lol.. that had me rolling!

I'm not sure what loan numbers you are looking at but more than likely it was only a 7 day report since we send out reports once per week. Bottom line is that today’s market is different than a year ago. If you are expecting loans to fall in your lap do yourself a favor and get out of the business. Only the strong will survive and we provide you with all the tools to be successful. If all you want to do is whine and post negative posts about every employment opportunity it's more than likely b/c you can't cut it in this business and want to rain on the parade for those that are having success. Go into another line of work . . . it's that simple.

As far as inbound is concerned ICC employees requested first contact with the borrowers, so we gave it to them. It's better in a lot of ways than inbound calls b/c you are not limited to only 10 calls per day. Everyone knows that the mortgage biz can be a numbers game. A average ICC employee is now burning through 100+ leads per week free of charge. ICC employees still have access to the inbound calls and applications. It's better in a lot of ways than other opportunities. 50 states, ability to build a team, work from home, technology, etc. Contact me for more details and I can explain.

Kyle D. Zotter
National Sales Director
Amerisave Mortgage Corporation

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post the numbers for everyone to see, or cut this crap out.. your just delaying the inevitable

Again I do not know where you are getting your numbers or what you have against Amerisave? Are you sure you worked for us b/c you numbers are WAY off?

We are 100% paperless so I have no clue why you would need a printer. We also provide you with a e-fax so you wouldn't need a fax machine either.

You do not need 2 gigs of RAM to run eyebeam. Just a high speed internet connection which everyone has these days.

You are not required to have business cards. Most lo's want them for refferals, etc.

We provide you with a VoIP phone line so you only need to go and buy a USB headset which you can pick up for around $20 at your local computer store.

I think you are forgetting the overall value of our system. You get to work from home, get FREE unlimited leads (up to 400+ per week on ICC), 50 states, FHA/VA, awesome technology, great rates, unheard of guarantee's, and the ability to supplement your income by building a team (not required).

You don't have to work for Amerisave. You could always go work for CW or Wamu, spend $4+ getting to work and sitting in traffic, get around 10 leads per day, make a small base + .5 - .10 bps per deal if you are lucky, and then get laid off once they downsize again in a month. Your choice.

Kyle D. Zotter
National Sales Director
Amerisave Mortgage Corporation

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