Come on you sheep, you're paying for LeBron's contract. Very few if any LOs are closing 20 loans per month. You need to RUN from Danny's grip. He is just using you.
You talk about customers paying more with a broker? Take the QLSS fee: $75 no matter what. How many loans are WRITTEN every month? 20,000? 25,000? Let's be conservative and call it 15,000. That's $1,125, 000 per month. $13,500, 000 per year. There are maybe 20 people working in the appraisal dept. Let's say they make $20 per hour (no way with cheap Dan). $20 times 20 people times 40 hours per week times 52 weeks per year. That's $832,000 per year in payroll — profit of over $12 and a half MILLION dollars per year!!! King of the junk fees.
Best place to work? Why do so many people quit? No place that expects you to work 60 hours per week is a great place to work. Who owns Fortune Magazine? Time Warner. Who also owns CNN. Guess who CNN's number one advertiser is? Correct — Quicken Loans. Coincidence? I promise you that the turnover rate is more than you think. I know one month in particular they LOST more people than they hired!
Read your own website — you are NOT the "number one online lender according to Forbes Magazine", you had the number one mortgage WEBSITE! Not even that anymore.
Http://www.forbes.com/bow/b2c/favorite. Jhtml? Id=5
Stop drinking the Kool Aid.
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