*UMC retains a flat Administrative Fee of $495 per closed loan (just $295 on stand-alone 2nd TD's). The Adminstrative Fee covers your Errors & Ommissions Insurance, as well as the cost of each item noted above. These are costs incurred by the company, designed to help you grow your business, that UMC must spread out among its partners. Just as many offices have "desk rent" to help defray these costs from which everyone benefits, UMC has an Administrative Fee to help ensure your continued success!

**FREE Leads, equal to the number of loans closed the previous month, will be provided to each Partner during the following calendar month. For example, if a Partner closes 5 loans in March, he/she will receive 5 Free leads from UMC during the month of April.

Frequently Asked Questions

Q: What's different about United Mortgage Company?

A:   We are a mortgage company that uses the Internet and technology to reduce costs and improve efficiency. Technology is changing the way business is done, allowing us to work smarter, not necessarily harder. At this time, all of our affiliates operate from "Virtual Branches." This streamlined, cost-effective method essentially eliminates traditional office expenses, providing higher net commissions for ALL UMC network affiliates.

Q: What will it cost me to join United Mortgage Company?

A: There are absolutely NO START-UP FEES required to affiliate with UMC.

Q: What's mine to keep when I close a deal?

A:  100% of your Commission! UMC just retains a flat Administrative Fee of $495 per closed loan to cover costs associated with insurance, office supplies, phone expenses (800 number), payroll fees, websites, promotional items, advertising, marketing, and so forth.

Q: What are the requirements to join your team?

A:   You need an active California Salesperson's License or a Broker's License. In some cases, you may not need a license, but you must verify 2 years work experience. Due to our streamlined organizational structure, our program is suitable for experienced real estate professionals only. Obviously, it will behoove you to have an exceptional familiarity with the computer.

Q: What if I need some leads, over and above the FREE Leads I am given?

A:  If you would like additional leads, over and above the FREE Leads you receive from UMC, just let us know! Priority will be given to top producers (we realize that this perpetuates the catch-22 scenario). Any loans that close as a result of a company-generated lead or referral are subject to a 60/40 Commission Split. (This does not apply to performance-based "Free Leads.")

Q: What if I am new to the business and need to be trained by United Mortgage Company?

A:  United Mortgage Company will train New Partners! We are here to help you succeed! During training, each file will be subject to a 60/40 Commission Split (8 files minimum). Once the trainee is self-sufficient, he/she will be eligible for the 100% Commission Split!

Q: How do I qualify for the 100% Commission Split? Is there a quota or volume requirement?

A:  There are no sales quotas to fulfill whatsoever. No minimum production required; you get 100% of the net commission on any files that you originate and fund. You are eligible for the higher net commissions immediately upon partnering up with United Mortgage Company, whether you work full-time or part-time.

Q: How do I access Loan Orignation Software?

A:  You will be given a User Name and Password that will allow you to log on to UMC's network from ANY web-enabled computer in the World . . . 24/7/365. On the desktop, you will be able to access forms, speadsheets, letters, flyers, promotional items, etc.

Q: What about a Toll Free 800 number?

A:  Free. You will have an 800 number on your business cards and email signature that you can give out to clients -- when they call that number, they will enter your extension and then be transferred to whatever number you specify (office, home office, cell phone, etc.). They will hear hold music while the phone call is transferred and never know you are out of the office!

Q: What about E&O Insurance?

A:  All transactions are covered under United Mortgage Company's comprehensive E&O Liability Insurance plan. A deduction will not be made from the gross commission of each deal, but rather this coverage is provided to you as a UMC affiliate.

Q: What about signs & business cards?

A:   All affiliates will be provided with personalized business cards with their own name and contact information, using United Mortgage Company's logo. Your personalized business cards will be ordered after funding your first deal with UMC.

Q: Do you charge affiliation fees, dues, royalties, etc.?

A:   NO. POSITIVELY NO ADDITIONAL FEES APPLY.

Q: Does it matter where my "Virtual Branch" is located?

A:   There are no territory restrictions, as a United Mortgage Company affiliate you can operate your "virtual branch office" from anywhere in the world. However, you must be licensed by California 's Department of Real Estate and be conducting business only within the state of California .

Q: What about Board of Realtor membership and MLS Access?

A:   Please inquire with your local Board of Realtors about M.L.S. access and/or membership requirements. Salespersons wishing to conduct real estate transactions will be handled on an individual basis.

Q: What about Broker Support? How do I get questions answered?

A:   Broker assistance and support is available via email or phone, M-F 8AM to 10PM.

Q: Am I obligated to use specific Escrow or Title companies?

A:   You are free to select or recommend the services that are best suited for your clients' needs.  United Mortgage Company does NOT require you to use company-owned escrow or title services. However, all Salespersons are strongly urged to use UMC 's Processor and the escrow and title companies with which we have developed a considerable rapport.

Q: Do I have room to negotiate my commissions with clients if or when the need arises?

A:   You are free to negotiate your own sales commissions, as required by prevailing market conditions in your area. UMC feels comfortable within the industry average of 1.000 - 1.500 points, and heavily frowns upon commissions over 2.000%. Commission in excess of 2.000% are not in-line with the Company's philosophy.

Q: Where will I meet my clients?

A:   Escrow or Title Companies are eager to let you use their conference room as a matter of reciprocal professional courtesy. However, in the case of mortgages, everything can be done over the phone, fax, and email.

Q: What about paperwork and reporting procedures?

A:   United Mortgage Company's reporting requirements are simple and designed to keep administrative costs down.  A single-page transaction / activity checklist form is used to report all new activity, such as escrow, earnest money deposit, property listing and transaction closing, reporting is done via  Fax , U.S. Mail, and email. Conversation logs must be kept on all company-generated leads (if applicable).

Q: How can I join the United Mortgage Company Team?

A:   Call or email us for more information. You will be sent an application and various other documents. You will then return the signed documentation with your original license. UMC will provide you with all of our contacts, rate sheets, Internet links, and resources. You are then ready to join the United Mortgage Company Team!

Mission Statement:

United Mortgage Company (UMC) is committed to improving the financial position of our borrowers throughout California with honesty, integrity, fairness, professionalism, communication, and education.

Vision Statement:

United Mortgage Company (UMC) will help all of our borrowers develop a plan for financial independence. That is, UMC will aid our borrowers in creating a strategy that will allow them to retire without a need for financial assistance from the government, friends, or family members. UMC will help people save money and consider the implications of a home purchase or refinance in the overall structure of their financial plan. We will build a company that stands for the people of California, not the banks of California.

Company Philosophy:

United Mortgage Company has a simple philosophy . . . be straightforward . If you are honest with your clients, you will have very few problems in this business. Through honesty you will earn respect, and with respect you will earn money. UMC values honesty, integrity, fairness, communication, and education. If you incorporate these qualities into your transactions, you will earn the highest compliment of all - referrals of friends and family.