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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 580
  • Average daily personal bank account balance of at least $2500 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 50 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  • Mortgage license (Lender/Broker/Originator) has never been revoked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 (at time of application or within 30 days of approval)
  • No ownership or involvement with other "real estate" related companies
  • Minimum 5 loan closings per month

 

 
  Southwest Funding LP    
8848 Greenville Avenue
Dallas, TX  75243
All rights reserved © 2009
Toll Free 1-877-878-8989
Fax 214-221-5470
Email: info@southwestfunding.com