FREQUENTLY ASKED QUESTIONS

You Have Questions,
We Have Answers.

Is this opportunity too good to be true? There has to be a catch, right? If you find yourself still questioning the opportunity behind our program, review the typical questions we get from interested entrepreneurs.

Our frequently asked questions section answers all of your questions in full detail. If you can’t find an answer to your questions or want to learn more, contact us and we would be happy to go over everything with you.

Frequently Asked Questions About Our Program

Have questions? Don’t worry, you are not alone! We took the questions we are asked every day about the lending business and put them in this FAQ section to help you better understand our program.

If at any time you have additional questions, or you feel that you are ready to take the next step in changing your life, please feel free contact us at 848-329-0752 and speak to one of our representatives. Or you can email us at ownalendingbusiness.com and we will have one of our representatives call you.

How long have you been in the Business and Financial Industry? 39 Years

Do I need financial or business experience? NO.

We provide lifetime training and support.

• Do I need to be licensed? No, this is optional but
highly recommended. It is in my experience that the
license is worth millions of dollars over the life of the
license. The training cost is included in the price of
your program.

• Do I need an office? No, this is by choice. Once
you are licensed you will have use of the national
lenders office, permitting there is one in your area.

• Can I grow this business? Yes! We help you recruit
and train other individuals that want to enter the
lucrative field of lending to work with you. We also
teach you how to market and grow your business.

• Do you offer benefits? One of the benefits of
being licensed is that you will have the opportunity
to participate in a 401k, Health, Dental, Vision, and
Life Insurance from your sponsoring bank, when
available.

• What types of loans can I provide? Residential,
Commercial, Business, Consumer, Hard Money,
Merchant Cash Advance, Payroll, Invoice Factoring
and numerous other products…
Residential: Conventional Purchase or Refinance,
FHA Purchase 3.5% Down payment program, FHA
streamline refinance, 203k rehab, VA, Reverse
Business: Startup, Expansion, Hard Money Loans,
Merchant Cash Advances, Invoice Factoring,
Equipment Leasing, SBA Loans, 401k Financing,
Gas Station Financing, Construction, Accounts
Receivable Financing, Factoring, Franchise
Financing, Medical Practice Loans, Working Capital
Loans, Bridge Loans, Asset Based Financing,
Structured Settlement and Annuity Financing,
Venture Capital, Hotel Financing, Commercial
Development Financing, Commercial Real Estate
Financing, and many more loan programs.

How long have you been in the Business and Financial Industry? 39 Years

How much money can a partner really make?

 Starting any business takes hard work and dedication and the same holds true for this business. To make a good income in this industry does not simply happen overnight despite what some other companies might say. Be careful of  loan broker training companies that promise grandiose income claims. Our business does present significant advantages over other businesses and franchise concepts and one can make significant money with our lenders, but you still have to work hard at being successful. It takes hard work to build this business and our company gives you all the tools and guidance to maximize your businesses success in this industry.

Our program allows you to make an unlimited income that is not restricted by geographical boundaries, whether you work full time or part time, or how much experience you have. It is very possible to achieve a high annual income with the financing products that you will be able to provide along with hard work and dedication. You can do large transactions that earn you more money from closing one deal than most people make in a year (typically with larger transactions or larger commercial real estate deals), or you can do several smaller transactions where the commission adds up on a monthly basis.

Then there are also products that yield you residual income for years to come. This is where you receive a check every month for years and years for just closing one deal. Please don’t mistake this for a “get rich quick” program. You will be dealing with real lenders, real clients, and carving out your share in the trillion dollar commercial finance industry. We give you the tools, products, lenders, education, and support to be the most successful in this business. The rest is your dedication and desire to make an unlimited income for years to come.

 $29,995 seems like a lot of money to get started?

 

A lot of times, before actually attending our class, people might not bring this question up when speaking to us, but we certainly know that this question has crossed your mind. Yes, we do agree that for most people $29,995 is a lot of money to part with. We get it! Our intent in addressing this concern is to simply highlight some facts that most people don’t realize about our program until they arrive and completed our training.

Let first look at the fact that starting any real legitimate business takes capital or an investment to start. You would be hard pressed to start any business for under $30,000 if you take into account the materials or inventory you might need, getting a website (which you absolutely need these days), legal fees, a marketing budget, a space to conduct business out of, and labor or help to operate the business depending on certain factors. Now if one gets into a franchise arrangement you have these costs plus the franchise fee (which could be $50,000 and up) and now you have to pay royalties on any revenue you earn. Plus, in any business or franchise if you want to expand you have to contribute more capital in order to do that. This is not the case with our innovative model. There is no inventory, you can do this by yourself and later if you want to grow the business you can do it very inexpensively.

With our opportunity a lot of these factors do not exist in our model or we have included them in the training fee you pay. People don’t realize how much we invest back into your business for the fee that you pay. Here is list of services that is included in your fee and the market value of each of them:

  • Fully functional website with content management system, hosting, domain: ($6,000 Value)
  • Stationary package: ($500 Value),/span>
  • Marketing Materials: ($3,000 Value)
  • 300 to 600 real time leads per month of individuals and businesses looking for financing: ($20,000 Value)
  • Email marketing, social media marketing, and content marketing : ($5000Value)
  • Pricing Engine: ($2,500 Value)
  • Legal agreements to run your business: ($5,000 Value)
  • Loan Officer software: ($3,600 Value)
  • Computer ($1,000 Value)
  • Founder Mentoring ($ 7,500)
  • Online University (5,000)
  • Dialing System ($3,600 Value) 
  • Processing ($25,000)

As you can see that is well over the purchase price, if one were to try to do this on their own and this is not even taking into account personally meeting and being approved to do business with over 40 lenders that have been vetted. The other major factor that we left out of these numbers is lifetime support! The fact that you can call a dedicated support person to answer any questions you might have or help you with any transaction is priceless.

Now you take what each type of financing and scenario could possibly yield you, and its not hard to see that getting a return on your investment is very feasible, provided that you put in hard work and dedication. Plus, our model is recession resistant and there are no geographical boundaries that will constrict your income or where you do business.

These factors along with many others are almost always overlooked when considering our program. To learn more about our exclusive Digital Media Platform call 848-329-0752 or email hello@ownalendingbusiness.com.

 

Do I have to have an office to work out of?

Absolutely not. The perfect aspect of our program is the low overhead business model that allows you to operate from the comfort of your own home. Believe it or not, most lending officers of large financial institutions work from home as it cuts back on costs to the company. There are some people that prefer an office, but the choice is really yours.

 

Are you just trainers in this business?

NO, the founder of the The Lending Network Training Corporation We have the unique perspective and experience as a lender, a broker, and an educator in the residential and commercial finance field which our graduates benefit from. 

 

How much does your training program cost?

The cost of our platform is $29,995 This includes everything else one would need to establish a finance company in this business model. For information on our Digital Media Platform $59,995 or our Founders Platform $99,995 Starting any business requires some form of capital investment and we believe that our price is relatively low compared to what you could potentially make on an annual basis with any one of the 35 plus financial products you gain out of our training. Compared to franchises and business ventures where you have to hire and manage employees, buy inventory, and pay royalties if a franchise, our required capital investment is very reasonable. Especially, in light of the fact that there are very few expenses that are required to run this business. Plus, if you want to rapidly expand or grow your business model, we teach you how to do that at virtually no expense to you, unlike a franchise where you have to pay another franchise fee and incur the costs of starting another location. In some businesses it takes usually a year or so to recover your return on investment. With our program and financial products you can offer, it is very possible to make back your initial investment with the commission you could earn on just one transaction. Your profit margins are very high because your expenses or overhead are so low. Also, you are not really selling a service that you are trying to convince somebody that they need, such as life insurance, etc. You will find people and businesses are in desperate need of your service, which is providing capital in multiple ways. You are simply providing them a solution to solve their capital need, which every business has, and we are equipping you with every possible tool to help businesses with that capital need.

 You will not only take advantage of approving what the banks today decline but you will also have programs for businesses and commercial real estate investors with prefect credit and financials that are very competitive from lenders and banks with programs that are more attractive than most banks people know about.

This is not the case with the programs and lenders that you will be doing business with. You will be approved with specialized lenders, investors, and banks that cater to all different credits and industries. The lenders you will have can be as competitive as the largest banks you know of today. What makes our program and graduates so successful is they have the ability to offer a wide array of financing options for a business. Business owners are not used to having a company with the financing options you will have to work with them on getting capital. They are just used to the bank saying NO. You will have the ability to do it all and say, “YES! You are approved!”

 

What if I have a partner that wants to come with me to the training?

That is fine with us. There is no additional charge to bring somebody with you. It’s actually a great idea as two minds are better than one.

How do we get business once we leave the training?

You will actually already have business waiting for you the minute you get home.

 With over 39 years of experience in the commercial finance industry, our trainers are seasoned veterans in commercial banking. With the marketing tools that are taught and provided, you should be able to target businesses and get clients fast. Our lenders will share their insights on how to get the business that they commonly fund. It is important to know that you don’t need to be an expert sales person or start “cold calling” people to get business. You are not really selling your service, but rather providing a solution to a business. We even spend time teaching you how to hire sales staff in your first year of business and have people bringing you transactions to fund. That is important knowledge to know in the event you want to grow your business.

 Is my money ever at risk if a loan goes bad?

 

After you have completed and closed a loan with a lender, you will get paid immediately. If any loan that you close should ever go into default, the commission you earned will never have to be returned. You don’t have to worry about what happens after you get paid. You just focus on getting new business and growing your business.

Will there be competition once I start from other companies or past graduates?

Not really and here is why :The commercial finance market is a trillion dollar industry with every business needing capital in one way or another. With over 100,000,000 businesses in the United States today, there is more than enough business to go around. More importantly, our graduates are unique specialists in the commercial finance industry. There are no other companies out there that will be able to offer the financial products and capabilities that your company will offer. Not even the largest banks offer the wide array of solutions that you will provide. Also, since your territory for clients is virtually the whole country and beyond, you will never be competing with a fellow graduate that might be located in your general area.

Can I do this opportunity part-time?

Absolutely. In fact, we have many successful graduates that have full time jobs and elect to do this business part-time. Many times the people who start out doing this part time quickly realize how much money they can earn and convert their business to a full time operation.

Why do lenders need people like your graduates to get business?

This is a very good question. Banks and lenders of all types use brokers to bring in business because it is a very cost effective way of advertising. Think about it. They would rather pay you a commission than spend money on big marketing budgets that might not work effectively half of the time. Also, there is no way they could possibly reach every business that needs their service, even with the biggest marketing campaigns. When they pay you a commission, they know they spent every dollar they pay you on a closed deal. When banks advertise, some of those dollars are not converted into actual closed loans. Simply, they have a better ROI or return on investment with brokers.

 What makes your company so different from other opportunities?

The Lending Network Training Corporation truly offers a one-of-a-kind program. Unlike many franchise concepts, our program doesn’t limit your income potential.  Other businesses and franchises tend to be limited to certain geographical areas, outside of which it is difficult to do business.  Not with us.  Our business model frees you to do business anywhere in the country and even internationally.  Best of all, there are no ongoing fees to be paid as you would have with a franchise.

We understand you want the best possible program for your investment. We are committed to showing you how our training program is your best possible choice.

 

What kind of support will I have once I complete the training?

This topic is one of the many facts that make our company unique. We provide total support for the life of your business in any capacity that you want. Whether you need us to be on a call with a client or lender, or if you just have a few questions regarding a transaction, we are always here to advise and support you with your business. If you are working on a deal over the weekend and have a question, no problem, our support staff is ready to answer your questions 7 days a week! In fact, the training does not stop after you leave our facility. We will continue to bring you cutting edge programs from banks and lenders when available. Our support staff will often hold webinars and group calls to make sure your business is on track and introduce new lenders when available. We will also educate and inform you of new marketing ideas and hot industry trends that frequently occur in the finance industry. Through our constant education, you will know when to take advantage of opportunities that we identify in the marketplace for years to come. No other training program offers this continuing level of support. To learn more about our dedicated support  call 848-329-0752

 

Okay, I’m ready to speak to somebody…where do I go from here?

If you have more questions about our commercial loan officer business training program or want to discuss this one-of-a-kind training program further, please feel free to call us directly at 848-329-0752. Or if you would like one of our representatives to call you at your convenience, hello@ownalendingbusiness.com There is no pressure or hard selling of our program to you because our program sells itself.

 

 

2. How much can I earn on each loan type?
On Residential Loans the average loan amount throughout the United States is $350,000 and
average commission will range between $3,000 and $10,500 dollars net. On Business Loans the
average loan amount is $25,000 and the average commission is $2,500.00 net. Merchant Cash
Advance Loans are very lucrative as well with commissions as high as $10,000 for a $50,000
cash advance. • How do I get paid? You will be paid directly from your sponsoring bank or lender.

3. What challenges can a person expect when starting up this business?
Patience. When an individual starts a new business, it is a time of excitement; putting in the
work mentally and physically. Laying the proper foundation and doing the training to ensure
success. Being honest with oneself. Wealth is not created overnight. It is created over time.
• How long before I generate revenue? You can start generating business from day one. Typically, you will submit
2 loans within the first 60 days that will fund around the 90th day. This is all dependent upon the individual.
4. How long conservatively will it take to make my investment back?
Normally within the first 12 months.
5. What type of support will I receive?
Lifetime Training and Support: 1-on-1 Mentoring, Personal Development Training, Processing,
Webinars, Online University, Training and support from the banks and lenders.
6. How does your company make money and what protects me from you just
closing at any time?
Our company makes money when you do. What protects you is that you are signed up directly
with the banks and lenders, they pay you directly for any loan that is submitted to their institution,
as well as any third party vendor.
7. Who are some of the lenders?
Wells Fargo, United Wholesale Mortgage, Chase, and numerous other private banks and lenders.
• Are they competitive? Yes, sometimes more so
than a National Bank.
• How long to get deals approved?
Consumer Loans = Immediate
Business Loans = 24 to 48 hours
Residential Loans = 48 to 72 hours
• What type of info is usually required? Standard
documents required: Bank, Tax Returns, Updated
Pay Stubs, etc.
• Types of collateral? Varies; None, Home if
Residential, Income, etc.
The Lending Network FAQs
• Are these folks who cannot find bank loans or
have been bankrupt? These are every individual
shopping for a competitive rate and loan product.
From poor credit to great credit.
• What type of fees are typically charged? Varies
from lender to lender and what you want to charge.
• How do I know the lenders will be around when
I have deals? You will be working with lenders that
have been in business for decades and that are
household names.
• Do I get to know the lenders? Yes, you will deal
with the lenders and processors directly.
8. How do I get clients?
Leads, Community, Sphere of Influence. We go over all avenues of revenue in detail during training.
• How long before I get clients? This varies from
individual to individual. We teach a balanced
approach to the lending business. You will receive
leads from us as well as learn how to connect to the
community and other sources of business.
• How do I get leads? Sent through your website and
via email.
• How long are leads provided? First 12 months.
• Do they cost me? First 12 months, no. Thereafter,
yes. You choose budget and who you want to use.
• Are they actual real time leads? Yes.
• Where do leads come from? Various platforms,
including internet, print, mailers, and social media.
• What is ratio of getting a client to total leads
per week or month? There is no true ratio, this
will vary from person to person. The national
average is 1 to 2.
• Do the leads provide some info on potential
clients? Yes; name, address, social, loan amount,
FICO Score and additional information.
• Any other costs? Your national exam of $110 dollars
paid at the time of your test to the testing center.
• ANY ongoing costs to me? None.
• What equipment is needed? Phone and computer.
Once you pass your licensing exam and are placed
with a national lender, you will receive a laptop with
processing and pricing software.
9. Types of trainings and are any of them live?
Live webinars, pre-recorded webinars, online university, 1-on-1 mentoring, live conference
calls, recorded conference calls, face time, phone calls, email, text… our training and support
is superior to any other lending program. Cost to me? Cost is included in the price of the
program. Cost of online courses? Included in cost of the program. Live events? Included.
10.Price of the program?
Comprehensive – $29,995.00 / Digital Media – $59,995.00 / Founders – $99,995.00
The Lending Network FAQs
• Would you finance part of the investment with
100% of commissions going to you until fully
paid? There is third party financing available to
qualified individuals with credit and income.
Call (833) 888-0251 for additional options.
• Do the leads provide current contact info? Yes.
• Are these individuals who have requested
someone to call them? Yes
• Do the leads provide potential client with some
basic info before I call? No, your website will, and
the individual that is contacting you is contacting you
for a specific loan which is detailed in the lead.
• How do you get the trust of a borrower you have
never met? By being educated and an expert in your
prospective field. This comes from the training we
provide and experience.
• Who collects the info from them? You and your
processor that is provided. How hard is it? Easy
and basic. How much involvement would I really
have in the transaction? Minimal after the first
communication to confirm the information or as
much as you want.
8. How do I get clients? Continued…
10.
• Other than hard work – what are keys to being
successful? Understanding the programs and
communication skills.
• Why do folks fail? Belief system. Fortunate for our
organization, our partners succeed because of our
superior training program, expert staff, and success
culture.
. How do you really make a good living from this?
Respecting the business, vision, showing up every day mentally. This is not a get rich quick
business. This is a create wealth over time business by respecting and working it.
Do you provide us with quality customized website? Yes
What else do you provide?
Marketing Materials, Custom Logo, Computers, Software, Dialer, Headsets, Underwriting,
Processing, Leads, Pricing Engine, Multiple Lending Programs, 1-on-1 support, and so much
more.
Seems like a lot of businesses and can be confusing?
The businesses complement one another and support one another. Enabling you to capture
aclient for life.
. What businesses are the true bread and butter?
Residential Lending, Business Lending, Commercial Lending, Equipment Leasing and Invoice
Factoring.
Do you have to do mortgage business to make money?
NO. The Lending Network does believe in a balanced approach and residential lending should
be included in your services.
I assume you must past the test?
Yes. Licensing is optional but recommended.
. Best way to market business outside of leads?
Community, and Sphere of Influence.
Can I make this a great business just with your leads? I hate cold calling
and do not want to spend a bunch on marketing.
You can make this a great business with or without leads.
• What can be done to assure you will be
successful? Do the training, learn the information,
show up every day not only physically but mentally,
as well.

The Lending Network FAQs
Who will be my competition and will my product be very competitive or is
it very high priced?
Other Lenders. Your products, programs and rates are competitive.
. I assume the lender makes credit decisions?
All lenders make credit decisions based on lending criteria and information provided by the
borrower.
3. How exactly do I get paid, by whom, and how often?
You get paid directly from the lender, most pay a few days after the loan closes.
. Who does the back-office work?
Processors, Underwriters, and assistants that provide your support.
. Have you ever thought to add the service of utility/bill review (Cost
Saving / Reduction Consultants) or payroll services, medical profession,
factoring, etc.?
Your program comes with factoring and medical finance. The Lending Network adds
newfinancial services when there is a benefit to the consumer and the partner.
Am I really just an information taker or what real involvement do I have?
You have as much involvement as you want, most of the information is entered online by the
client already. You are connecting them to the right lending product. This is automated as well.
. Will I be able to talk to a random amount of folks (both new and
experienced in the business for years) to get their input? Yes

Qualify for the Financing You Need Now

Features of Our Loans

All loans are not created equal – Let one of our experts find the best one for your needs.

Salaried & Self-Employed

Loan products for all documentation types.

Loans

All charges are communicated up front in writing along with the loan quotation. A very professional and simple service.

Home Loans. Refinance, Purchase, Reverse Mortgage

Numerous loan products to suit all of your borrowing needs.

Reverse Mortgage

Giving seniors financial options.

Frequently Asked Questions

Can I pay off my loan early?

Yes. There are no prepayment penalties.

Do you offer refinancing?

Yes! Homeowners enjoy the benefits of investing in their property year after year. For some, there comes a time when that investment can come in handy. Refinancing with a Conventional, Jumbo, or an FHA loan can prove to be an effective way to put that equity to work.

When should I apply?
As soon as you are ready.
Where are you located?
We have offices throughout the United States. Call for a location near you.
Can I apply for a loan at any age?
There is no maximum age of an applicant.
What does my credit score need to be?

We accept credit scores as low as 580.