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A Turnkey Solution:
Overnight, smaller brokerages can level the playing field with larger banks. The
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.
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Multi-State Licensing: Securing
state mortgage licenses independently takes a broker many months and thousands
of dollars. Southwest Funding on the other hand, already has these licenses in
place. This affords a broker an expanded universe of homeowners to serve.
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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 brokerage or Loan
Officer can be dramatic!
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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.
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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. But, unlike most mortgage bankers, Southwest Funding
still allows you to broker as many loans as you would like to our vast approved
wholesale 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.
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Broad Product Offerings: With an
expansive approved wholesale lender list and complete in house product
offerings, 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 lender
each and every time. We offer FHA, VA, USDA, FNMA, FHMLC and portfolio products
that many smaller brokers do not have the capability to do.
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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.
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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 employee resource center has everything you need to
be successful. Marketing support, Operations, Compliance, Message Board, Email,
Loan Central and much more.
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