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Bottom Line On Onboarding New Net Branch With No Track Record
#1
Basically what I’m saying is that we are not in a position to take chances yet.  Our P&L will not support the cost of trying to open a branch in CA without an existing group of producers.  We will have to get this sanctioned by corporate, and they will never sign off on this because of his background.  In 6 months when we’re in a different financial situation and we want to look at something like this, then we can discuss it.  Without this individual being the BM of record, his production is less than 500K a month, and we really have no idea if there are other LO’s… I can’t get this approved.
 
I like this new team, so if he’s around in 6 months, we can look at this again.

The Gustan Cho Team at Gustan Cho Associates
Website https://www.gustancho.com
Lending Network: https://www.lendingnetwork.org
Gustan Cho, NMLS 873293
Area Manager
The Gustan Cho Team at CrossCountry Mortgage Inc. NMLS 3029
address: 425 North Martingale Road Suite 1280, Schaumburg, IL, 60173
Website https://www.gustancho.com
Direct 800.900.8569
Email gcho@gustancho.com
Facebook: https://www.facebook.com/TheGustanChoTeam/
Google+: https://plus.google.com/+GustanChoLoans
Twitter: https://twitter.com/gustancho
LinkedIn: https://www.linkedin.com/in/gustan-cho/

 
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