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.

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 successful small local real estate brokerage. Co-founder and CEO Quinn Dang,a financial planner, already successful with other multi-level marketing ventures, orchestrated the business model, through his superb leadership skills, he directed and overseen the day-to-day operations of the business growth and expansion gameplan in various states.

The business model and structure of Global One Lending bears striking similarities to a rip-off World Lending Group, which has a large presence in the Sacramento area. Indeed, some of the initial managers and many more employees were recruited directly from World Lending Group's ranks. The company grew very fast - starting with the two partners and grew over 6,500 agents within the first two years. The company is well respected by many major banks and private lending institutions.

External links

Global One Lending (Oklahoma company)

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