Realistic expectations for a mortgage consultant position with Wachovia retail? |
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Clovis in Colorado Springs, Colorado 16 months ago |
I've been in the mortgage business for two years and even in this rough and tough time it has been good to me (finacially) except recently due to problems with my current company. I started off working for CW retail, then a broker which became a correspondant lender. The new bank is horrible and has basically driven our entire office out the door; for a week or two I was the sole loan officer, down from a dozen or so. About two weeks ago I was contacted by a recruiter from Wachovia who setup a series of interviews. I just finished the drug test and fingerprinting and I'm essentially waiting to hear everything checked out in the next few days and expect to recieve the job offer following that. Based on my interviews, I'm very excited to make the switch. The man who would be my boss as well as his boss both come off as very friendly, top notch professionals and I think we'll work great togather. I currently work in a cubicle enviroment where the name of the game is "dialing for dollars" yet the vast majority of my business comes from self-sourced sources (ie - referrals). Wachovia sold me on their structure. Higher commission splits (I've watched my splits dwindle from 65% to 45% for self sourced and 50% to 30% for company provided leads, on top of "fees" increasing by over $1000).
I would love to hear from others who have taken on this position with Wachovia and idealy are still in it; what challanges should I expect? Thanks! |
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