NGFS offers a unique opportunity to a financial service provider that is unlike any other known to us. Through NGFS you become an employee of 1st Mariner Bank; and, as such you are able to provide a full array of conventional and reverse mortgage products to your clients…and be paid on them like a traditional loan officer. However, you do not have to change any other relationship you have, you need not move any other license, nor do you have to sell any of your insurance or securities-based products through NGFS as that is not our business and we do not participate in those sales and/or commissions with you.
Statistics show that, on average, 10% of your clients are involved in the purchase of a new home and 15% to 20% of your clients will refinance their existing mortgage each and every year. Thus 25% to 30% of your clients are implementing a new mortgage every year and we are happy to work through you to help them with their needs.
Additionally, once you become familiar with the various financial strategies that we teach you in our training, we know that many of your clients and prospects who never thought they were in the market for a mortgage will become prospects for one… and they are more likely to work with you for their mortgage needs than through anyone else, which directly benefits us.