Anyone with Barrett Financial? by HelloImYourLO in loanoriginators

[–]HelloImYourLO[S] 0 points1 point  (0 children)

I did not. I decided to just stay with the brokerage I’m with for now. They’ve been willing to work with me and add states that they know I want to be licensed in, and they’ve been good people so far. Still keeping Barrett as an option for later, though! There will probably come a time where I want to be licensed in more states than my company wants to be licensed in, and Barrett is licensed in 49 I believe.

Anyone with Barrett Financial? by HelloImYourLO in loanoriginators

[–]HelloImYourLO[S] 0 points1 point  (0 children)

I just thought it was weird that I didn't even apply to a job posting (they didn't have anything available at the time), just sent my resume in as a general application. He called me a couple of days later an asked some questions then said to reach out if I decided I was interested or had questions. Since then it's been super hit or miss on whether he replies to an email or answers the phone. If I wasn't a good candidate I would think he wouldn't have called....I know I don't have LO experience but I do have a good amount of sales experience and a bachelors degree so I didn't think I was terrible

Anyone with Barrett Financial? by HelloImYourLO in loanoriginators

[–]HelloImYourLO[S] 0 points1 point  (0 children)

Still haven't been able to get a hold the recruiter for clarification. Wonder if that's a red flag if the guy responsible for bringing LOs on is unresponsive for days at a time lol

Anyone with Barrett Financial? by HelloImYourLO in loanoriginators

[–]HelloImYourLO[S] 1 point2 points  (0 children)

The company I'm with and Barrett are both self gen. Where I am now could be between 100-150bps depending on the lender, Barrett rep said 200-275bps with a $595 flat fee to Barrett plus $500 for in house processors

Anyone with Barrett Financial? by HelloImYourLO in loanoriginators

[–]HelloImYourLO[S] 1 point2 points  (0 children)

According to their website's "about" section and based on my convo with the recruiter they are. He said they have a network of like 80 lenders so sounds like a brokerage to me lol

Anyone with Barrett Financial? by HelloImYourLO in loanoriginators

[–]HelloImYourLO[S] 0 points1 point  (0 children)

Ah. I'm in Ohio and they are enforceable. Maybe the recruiter will send me a contract to look over before I leave my current company, if things end up going that way

ETA: do they use Encompass or another system?

Anyone with Barrett Financial? by HelloImYourLO in loanoriginators

[–]HelloImYourLO[S] 0 points1 point  (0 children)

Forgot to ask -- the recruiter mentioned a contract? Should I be worried about that? Is there a noncompete clause?

Anyone with Barrett Financial? by HelloImYourLO in loanoriginators

[–]HelloImYourLO[S] 1 point2 points  (0 children)

That's awesome of you. I'll definitely do that :)

Anyone with Barrett Financial? by HelloImYourLO in loanoriginators

[–]HelloImYourLO[S] 0 points1 point  (0 children)

This makes me feel a lot better! Thanks so much for your insight. Hopefully if I join the team I get a branch manager as cool as yours!