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AND RESPONSIBILITY
FREEDOM
Princeton Power Producers: A Business Partnership
COST = PRICE =
rate
Princeton Power Producers obtain interest rates on average 0.5% to 0.75% lower than the average branch pricing, translating into higher pull-through and more funded volume.
power producer
PRICING*
CURRENT MARKET PRICING
(SOURCE: OPTIMAL BLUE)
30-YR. CONFORMING
5.625%
0.000%
30-Day Range: 5.625% - 6.875%
30-YR. FHA
5.125%
0.000%
30-Day Range: 5.125% - 6.375%
Last Updated:
09/19/24
*Depending on how you structure compensation, Princeton Power Producers can have low rates similar to the above scenarios.
Princeton Power Producer Pricing:
CONFORMING - 30 yr Fixed, Sale Price: $666,666.00, LTV: 75, FICO: 780, Bucks County, PA
FHA - 30 yr Fixed, Sale Price: $466,321.00, LTV: 96.5, FICO: 780, Bucks County, PA
This website is not an advertisement directed at any prospective loan applicants; rather, it is a recruiting website for mortgage professionals only.
TOP-PERFORMING PRICING FOR
top performers.
Brandon Park
Mortgage Loan Officer
NMLS 183765
"Game-changing, pricing.
I haven't lost a deal yet."
Frederick Lahm III
Mortgage Loan Officer
NMLS 205717
"I have more confidence than ever to go out and sell."
Power Producer Rates*
TODAY'S!
Princeton Power Producer Pricing: 9/20/24
FHA - 30 yr Fixed, Sale Price: $466,321.00, LTV: 96.5, FICO: 780, Bucks County, PA
Today's Power Producer Rates:
30 year Fixed FHA Purchase Loan
5.125%
0 POINTS
5.827% APR
SUBSCRIBE TO RECEIVE PRICING UPDATES!
*Depending on how you structure compensation, Princeton Power Producers can have low rates similar to the above scenarios.
This website is not an advertisement directed at any prospective loan applicants; rather, it is a recruiting website for mortgage professionals only.
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Power Producers sales costs are below the industry average by $2,372 due to lower fixed costs per unit and higher pull-through from better pricing.
Princeton Mortgage’s non-sales costs are $2,623 below the industry average due to efficient operations and corporate overhead (no layers).
Together, the Cost Per Funded Loan for Power Producers and Princeton Mortgage is $4,995 / 166 bps lower than the industry average, allowing them to obtain interest rates 0.5% to 0.75% lower than the average branch pricing.
IT'S MATH, NOT
magic.
$12,485 - $7,490 = $4,995
INDUSTRY AVERAGE CPFL
POWER PRODUCER CPFL
BORROWER SAVINGS
Princeton Power Producers Direct Benefits: Efficient operators see immediate financial rewards, as lower costs translate directly into better rates, more volume.
PRINCETON
POWER PRODUCERS
CPFL
$7,490
PRINCETON
AVERAGE CPFL
$10,823
INDUSTRY
AVERAGE CPFL
$12,485
$3,000
$3,000
$3,000
$1,405
$3,085
$3,623
$4,200
$3,777
$5,708
LO COMP
SALES
EXPENSE
NON-SALES
EXPENSE
LO COMP
SALES
EXPENSE
NON-SALES
EXPENSE
LO COMP
SALES
EXPENSE
NON-SALES
EXPENSE
Rich Weidel, Princeton Mortgage CEO
Featured at HousingWire National
"The industry has a $2,000 per loan problem."
UNDERSTANDING THE
market.
Ignacio Metcalf
EVP, National Sales Director
For over 40 years, the mortgage industry prospered amid falling interest rates and frequent refinancing. But hidden weaknesses surfaced in this era of low rates. In the last two years, the industry has struggled with losses and uncertainty, signaling a fundamental shift in its dynamics.
The rules of the game have fundamentally changed.
“Total production revenue – including fee income, net secondary marketing income and warehouse spread – increased to 334 bps in Q4. On a per-loan basis, production revenue was $10,376 per loan in the fourth quarter.”
“Total loan production expenses – such as commissions, compensation, occupancy, equipment and corporate allocations – rose to $12,485 per loan in Q4.”
THE INDUSTRY IS
broken.
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A NEW MODEL FOR A
new normal.
Dollars > BPS: See the actual dollar amounts each mortgage rate earns, so you understand exactly how your income is generated.
Informed Decisions: Use detailed financial reports to set your rates strategically, ensuring maximum profitability without guesswork.
Custom Pricing: Your rates are tailored to your unique performance metrics, not averaged across less efficient peers.
Operational Efficiency: Our streamlined processes mean less overhead per loan, directly benefiting your bottom line.