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. The relationship between these two companies is not immediately clear. 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 as an extension of his successful local real estate brokerage. Co-founder Quinn Dang, already successful with other multi-level marketing ventures, managed the day-to-day operations of the business.

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.

External links

* [http://www.globalonelending.info/ Global One Lending] (California company)
* [http://www.globalonelending.com/ Global One Lending] (Oklahoma company)
* [http://www.robertdo.com/ Robert Do]