Mortgage Brokers and Loan
Officers are joining Southwest Funding more so now than
ever before due to the ever changing regulatory requirements
which make mortgage banking more appealing.
Many benefits include...
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A Turnkey Solution:
Overnight, mortgage brokers can level the playing field with larger banks. The
mortgage broker can still continue as an entrepreneur while gaining the firepower of the
larger mortgage bank - Southwest Funding, without the bureaucracy - it's the
best of both worlds. The Mortgage Broker can also
choose to bank or broker each and every mortgage loan.
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100% Commissions: Many
experienced Loan Officers in brokerages, banks and credit unions earn only 35% -
75% of their originated yields. The difference in income to a Loan
Officer can be dramatic! The increase in product
offerings enables both Mortgage Brokers and Loan
Officers the ability to close more mortgage loans.
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Multi-State Licensing: Securing
state mortgage licenses independently takes a mortgage broker many months and thousands
of dollars. Southwest Funding on the other hand, already has these licenses in
place. This affords the mortgage broker an expanded universe of homeowners to serve.
With the new SAFE act regulations, licensing can be
complicated but Southwest Funding makes it easy.
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Broad Product Offerings: With an
expansive approved wholesale mortgage lender list and complete in house product
offerings through the Southwest Funding Banking
Division, you will never lose a deal to another lender because of a product or
program. There is no "first right of refusal" on any loan, you choose the
mortgage lender
each and every time. We offer FHA, VA, USDA, FNMA, FHMLC and portfolio products
that many smaller mortgage brokers do not have the capability to do.
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Nondisclosure of YSP's: Not having
to disclose yield spread premiums is a major advantage of Southwest Funding
versus strictly brokering mortgage loans. But, unlike most mortgage bankers, Southwest Funding
still allows you to broker as many loans as you would like to our vast approved
wholesale mortgage lender list, even on FHA loans!
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Direct-Lender Status: Everyone
likes to deal with a "direct lender." This is true of borrowers and of referral
partners. When you choose to work with the Southwest
Funding Banking Division as a mortgage banker, your
direct lender status will strengthen the relationships
with your Realtors, builders and borrowers.
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Compliance: Increasingly, mortgage
brokers express that they're sleeping uneasily because of compliance pressures.
Southwest Funding has compliance experts on staff to ensure that not only are
file flows compliant and quality-assured but also that individual Loan Officer
and branch licenses are current and maintained. We also ensure that all
advertising pieces are compliant in terms of equal housing, annual percentage
rates (APR's), licensing and state disclosures.
The new regulations can be a mess to sort through but we
have done the work for you!
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Accounting and Support Services:
Our accounting department takes the back-office load off of you. This frees time
for you to do what you do best - originate. Our
KeyTeam is available to answer any question about
anything, whatever you need help with. The accounting
department makes sure payroll is on time and that
commissions are calculated correctly.
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Technology: Loans can be registered
and locked online, conditions can be cleared and pipelines monitored around the
clock. We are paperless. Our branch resource center has everything you need to
be successful. Marketing support, Operations, Compliance, Message Board, Email,
Loan Central and much more. You won't find anything
like it at a mortgage net branch company, our system is
proprietary.
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Alabama Retail Mortage Branch
Opportunities are available now. Get started by giving us a call at 877-878-8989
or let us know how to contact you at
Apply Now
