Who we are:
Guaranteed Rate Affinity, LLC (“Guaranteed Rate Affinity”) is a joint venture between Guaranteed Rate, Inc (NMLS: 2611) and Anywhere Real Estate Inc. Through this joint venture, Guaranteed Rate Affinity provides mortgage origination services to the clients of more than 700 Coldwell Banker and select Sotheby’s International Realty offices owned by NRT LLC, a subsidiary of Anywhere and the nation’s largest residential real estate brokerage company. In addition, Guaranteed Rate Affinity markets its services to consumers and unaffiliated realtor referral sources.
What’s the Role?
The central focus of a Business Development Coordinator (BDC) is to support one or more Vice President(s) of Mortgage Lending (VP) with a variety of tasks related to increasing their production, efficiency and quality of work. A BDC’s tasks are divided between 3 important components including 1) Marketing support; 2) Business Plan and Referral Partner strategy; and 3) Follow up and communication with current and future lead sources. BDCs are not licensed and may NOT perform any activity requiring a license. All marketing activities are performed under the supervision and guidance of the VP they support, and in the VP’s name. BDCs are not provided access or credentials to systems that are reserved for tasks that must be performed by licensed employees, such as locking loans, taking applications, or holding themselves out as being able to perform those activities through independent marketing or other avenues.
Essential Duties and Responsibilities:
Compensation Structure:
BDC’s are non-exempt employees subject to minimum wage, overtime and all other laws and requirements. Typical compensation consists of an hourly wage and may include a bonus structure based on the VP(s) they support origination of Eligible Loans and/or Eligible Brokered Loans, which is detailed in full in their Base Compensation and Bonus Schedule, included in their Compensation Agreement . BDC’s compensation is the responsibility of the VP(s) they support, because they are hired for the VP’s benefit, according to the terms of their written agreements, including applicable credit from the Company based on production tiers, indicating when and how much the Company may contribute towards the BDC’s compensation. Should the BDC’s compensation exceed the amount allocated by the credit from the Company according to the production tiers, any difference will be deducted from the VP’s compensation. Because BDCs are unlicensed and are not Loan Originators, their compensation structure must align with all GR policies, but is not subject to the Loan Originator Compensation and Requirements Rules.
Education or Formal Training:
Knowledge, Skills & Abilities:
NOTE: This job description is not intended to be an exhaustive list of all duties, responsibilities or qualifications associated with this job. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Guaranteed Rate Affinity is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason protected by law.
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