Branch Manager Minimum Eligibility Requirements

To be considered for approval as a Branch Office, an applicant must meet the following minimum eligibility requirements as well as additional eligibility requirements that are listed in the application package. Each application will be reviewed on an individual basis.

Credit

• Minimum middle FICO score 600
• Average daily personal bank account balance of at least $5000 last 60 days
• No judgments (other than medical)
• No outstanding tax liens unless in repayment with 12 months good history (state or federal)
• No federal student loans in default

Experience

• Currently a "Full Time" Mortgage Originator
• Personal production of at least 100 funded loans in last 3 years

Character

• Mortgage license (Lender/Broker/Originator) has never been revoked
• No felony convictions
• Strong industry references

Other

• Commercial office space
• No ownership or involvement with other "real estate" related companies
• Minimum 5 loan closings per month