Pacific Mortgage Consultants
Pacific Mortgage Consultants is a mortgage brokerage. They hire agents as independent contractors and give them 100% of the commission earned on the loan, and instead charge each agent a $475 administration fee plus $20.00 for errors and omissions insurance. The agents have access to loan processing software, errors and omissions insurance, Pacific Mortgage’s marketing programs and complete discounted websites. Pacific Mortgage is approved with dozens of lenders and can obtain others, if requested. Some of their lenders are 1st Nationwide, Washington Mutual, Countrywide, Greenpoint Mortgage, Chase and Wells Fargo.
Frank Cunnane is the owner of Pacific Mortgage Consultants, and they are based in Santa Rosa, California. They have served the state of California for over 15 years and specialize in estate planning and mortgage refinancing. They have received the Diamond Certified Award for customer satisfaction.
Pacific Mortgage Consultants Loan Options
Pacific Mortgage has available to them all the usual mortgage products. Some of them include:
- Fixed Rate Loans
- Adjustable Rate Loans
- Jumbo Loans
- Balloon Mortgages
- Debt Consolidation Loans
- Home Equity Loans and Lines
- Refinance Loans
- Less Than Perfect Credit Loans
Pacific Mortgage Consultants had been in business for many years when they decided to change their business model. They began to give their loan agents 100% commission minus a flat fee. They feel this situation gives the agents an incentive to open more loans. Since most of the time the agents pay their own advertising costs, costs for assistants, and other related expenses, this gives them the money they need for advertising and marketing, which will increase sales. Pacific Mortgage has been offering 100% commission for some time now, and all of the agents on this program are happy with the company. They have the ability to assist their agents with anything they need. They only hire agents who have two or more years of experience and have a proven track record. Pacific Mortgage is approved with over 150 lenders. They offer processing if needed and have marketing assistance available.
Pacific Mortgage wants their agents to succeed, as that means more profit for them. To this end, Pacific Mortgage makes available all manners of advertising materials and training on the loan processing software. They also offer an email address and a complete website. Their agents (over 125 of them) are quite satisfied with this arrangement. Pacific Mortgage Consultants funds more than $1 billion a year, which is a reflection of their effectiveness.
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