Frequently Asked Questions
Q: What types of loans does Financial Equites provide?
A: Financial Equities offers FHA, VA, Reverse, Fannie, Freddie, Jumbo, Stated Income, Condo, and Coop.
Q: What is the LOS system?
A: Encompass 360
Q: What is the average turn time for closing refinance and purchase loans?
A: Our average turn time is 12 days on a refinance and 26 days on a purchase.
Q: What happens with my file when I submit a file to Financial Equities?
A: Within 24 hours of Operations receiving a file, the processor will email the client a welcome letter, disclosures, and a stip list on what’s needed to close the loan, along with a phone call to introduce the client to the Operations department.
Q: How do I see my income and expense for my branch?
A: Financial Equites has a round-the-clock accounting system that allows you to see income and expense of your branch within 48 hours of a deal being funded.
Q: How do I communicate with Financial Equities on hard to place loans?
A: Every branch manager has access to an AE in corporate, or can email the operations manager.
Q: When do I get paid and how?
A: Payroll is paid out twice a month, on the 15th and last business days of the month. We use direct deposit as often as possible. Branch managers will receive a salary and a bonus check based on profit once a month.
Q: Are there volume incentives for branch managers?
A: Absolutely! We offer incentives and bonuses. Please contact us for more information!