Global One Lending
Global One Lending is a Sacramento-based residential mortgage broker, licensed in the state of California, founded by Vietnamese-American entrepreneurs Robert Do and Quinn Dang in April, 2003.
| Industry | financial services |
|---|---|
| Founded | 2003 |
| Founder | Robert Do Quinn Dang |
| Headquarters | California |
Global One Lending is also the name of an Oklahoma-based residential mortgage broker. There is no relationship between these two companies. This article is about the California company.
Corporate structure
Global One Lending follows a multi-level marketing (MLM) business model. New loan agents are recruited by existing agents. As is typical of MLM-based businesses, all agents earn a commission (of 36% or more of the gross profits) on loans completed, and a smaller commission for loans completed by agents they've recruited.
There are several different ranks within the Global One hierarchy. Beneath the two founders are a group of managers, who in turn have their own group of supervisors, who are generally responsible for managing the new recruits directly. Agents achieve higher ranks based on the number of loans closed and the number of new recruits.
Global One president Robert Do founded Global One Lending as an extension of his small local real estate brokerage. Co-founder and CEO Quinn Dang, a financial planner, directed and overseen the day-to-day operations of the business growth and expansion gameplan in various states.
External links
- Global One Lending (Oklahoma company)