Opening a branch office may be an excellent option for mortgage brokers/loan officers who want access to many of the benefits enjoyed by mortgage bankers, but do not necessarily want to develop, manage and pay for the infrastructure and overhead associated with the operation of a full service mortgage banking company.
Access
to correspondent pricing schedules that typically result in better pricing
than the wholesale rate sheets available to mortgage brokers
Access to a broader range of mortgage products with over
200 investors/wholesale
lenders
DU
& LP automated underwriting in every office
Multi-State Licensing
National
brand recognition
Enhanced
consumer/realtor prestige by functioning as a direct lender rather than a
broker. Close loans in “your” name
The
“offloading” of certain infrastructure/overhead costs & functions
(accounting/payroll, audits, etc) to the parent company
FHA and VA approval for every office
INC 500
fastest growing private companies- 2002 and 2003!
Well-established company since 1992 with a solid financial backing
100% payout on all fees, front and back points (less small per file administration fee)
Warehouse lines, which eliminate the need to disclose YSP
In-house underwriting, closing and funding available
No “first right of refusal”
- send your files to the lender of your choice every time
Over half of our branch offices are from other branch companies!
Access
to correspondent pricing schedules that typically result in better pricing
than the wholesale rate sheets available to mortgage brokers