F.A.Q

Q: How do I get started?

A: Complete the on-line application to receive a full package.

Q: What experience is required?

A: Two years minimum as a loan originator or processor in addition committed to the success and ethics of Pacific Direct Lending.

Q: Is there a set up fee?

A: Yes, There is a $495 dollar set up fee that will cover your background check and package approval in addition to the branch location licensing. However; this fee will be credited back to you after the first closing.

Q: Can a branch have more than one manager?

A: Only one manager will have to assume the position of manager.

Q: How do I get paid?

A: Pacific processes payroll weekly. All employees must get paid W2. Licensed Loan officer can get paid as 1099 depending on your state. Any and all matching taxes and insurance will be paid from the branch profits.

 Q: Who determines the hiring decisions and compensations?

A: The Branch Manager is responsible.

Q: Is a Branch able to do business as a DBA or keep the current name?

A: No, you are required to use Pacific Direct Lending to meet FHA guidelines.

 Q: Does each branch have an assigned territory?

A: Again we are also originators and we know that you are not a territory. We know that branches get there business in different ways. Nevertheless, we do take into consideration the locations of our offices.

Q: What do I do with my file after closing?

A: All file must be sent to the corporate office‘s quality control department.

Q: Do you have a compliance Department?

A : Yes, We have very high standards of compliance and quality control, which is why we give monthly classes to inform you of new federal and state laws. These classes have become quite popular within our company and have helped even those with many years in the industry. 

For more: Frequently Asked Questions
please contact 1-866-203-0206