Mortgage Branch Questions
You should be well informed before making any decisions to join a mortgage branch company. Many newcomers including mortgage wholesalers, small banks and even independent mortgage brokers, have tried to open mortgage branch companies and failed, simply because they did not have the appropriate mortgage banking resources to ensure their success. Ask questions and validate the answers. Below are common questions with answers to help you get started. We look forward to helping you grow.
- What constitutes a Southwest Funding retail mortgage branch office?
- Has HUD and legal counsel reviewed Southwest Funding?
- How long has Southwest Funding been in business?
- How many retail mortgage branch offices does Southwest Funding operate?
- Where do most Southwest Funding retail mortgage branch offices come from?
- Is Southwest Funding HUD approved?
- How many states can I originate loans in?
- Why would a mortgage professional consider joining Southwest Funding?
- How is the mortgage retail branch office revenue accounted for?
- How often is payroll?
- How is Southwest Funding compensated?
- Are there production guidelines set for Southwest Funding offices?
- Who determines office space, location, staffing decisions and compensation arrangements?
- What if I change my mind and decide this arrangement is not for me?
- How are the mortgage retail branch expenses paid?
- How are my loan officers compensated?
- How many wholesale lenders is Southwest Funding approved with?
- Do I have to submit all of my loans to the in house lending department?
- How long does it take to get approved as a new mortgage retail branch office?
- I have mortgage loans in my pipeline with my former company. How do I handle these?
- Is Southwest Funding a mortgage net branch?
- How do I get started?
| Email this page to a friend |    |
