AMG Way
AMG Way
  Average Company The AMG Way
Loan Officer Commission Structure Varies, typically 40% - 50% to loan officer 75% Commission - $595.00
Banker or Broker…that simple
2nd Mortgages Same fee for 1st or 2nd regardless and some do not even allow them! 75% Commission - $200.00 per Stand Alone or $100.00 per "Piggy Back" 2nd
Commission Pay Frequency Once per month, sometimes twice. Loans pay out 30, sometimes 60 days after funding. Every Friday like clockwork
(See "weekly loan officer commission report")
Close as a Banker or Broker?
Can only close as a broker or must give company first right of refusal on all deals or no options
Close loans as a Banker or Broker at your discretion
FHA? None or need to send out for underwriting Internal Full Eagle FHA Underwriting by staff Undwriters
Support Staff? Inexperienced and minimal Full processing, underwriting, closing, post closing, secondary, quality control, IT and human resources departments
Licensing? On your own to apply and pay Our licensing department will help you to apply for your loan officer license
Expenses? You need to put down a personal credit card We pay for all expenses up front and you pay them monthly out of your commissions
Experience Opened during the boom and struggling to survive 2011 marks Advisors Mortgage Group's 12th year in Business 
Annual Audit Fees You cover the cost or up to $1,000.00 per year $0.00, you sell loans and we worry about Audits and Compliance
Loan Compliance & Audits 72 hours to two weeks! Loans are audited within 24 hours of receipt. AMG is one of the most proactive Fraud Prevention company in the industry
File Storage You take the responsibility of storing them at your expense, taking up your space. We digitally store the  files, running quality control prior to archiving. Audits take place without you even knowing
Reverse Mortgages What's a Reverse Mortgage? Available through the AMG multiple investors
Individual Do you know HTML? Yes, loan officers get a dedicated e-mail, website and address that are easily customized
Marketing Support Minimal, if any Full line of customizable flyers and mailing pieces. Ability to participate in company wide mass mailers
Benefits You're on your own Full Medical, Dental, Vision and 401K programs with large group discounts
IT Support You're on your own Internal IT department available on demand every business day
Office Supplies You're on your own We supply all necessary office supplies to our loan officers
Overnight Mail You're on your own Bulk pricing through our preferred shipper UPS
This is a comparative analysis and is intended to compare and contrast Advisors Mortgage Group to other mortgage companies in the marketplace. This is not specific to any particular company, just a breakdown of typical company operating structures. The above is subject to change at anytime, please refer to the Employee Handbook for full details.
AMG Loan Officer Information
Call 866-977-3223
AMG Loan Officer Information
Call 866-977-3223