The Facts on Starting a Retail Mortgage Banker and Broker Branch

• A Turnkey Solution: Overnight, smaller mortgage brokerages 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, without the bureaucracy - it's the best of both worlds.
• Multi-State Licensing: Securing state mortgage licenses independently takes a mortgage broker many months and thousands of dollars. Southwest Funding, on the other hand, is licensed to originate mortgages in many states. This affords a retail mortgage branch an expanded universe of homeowners to serve.
• 100% Commissions: Many experienced loan officers in mortgage brokerages, banks and credit unions earn only 35% - 75% of their originated commission. Southwest Funding offers 100% of the origination, fees, and yield-spread premiums (YSPs) net after expenses. The difference in income to a brokerage or loan officer can be dramatic!
• Mortgage Industry Compliance: Increasingly, mortgage brokers express that they're sleeping uneasily because of mortgage 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), mortgage licensing and state disclosures requirements.
• Nondisclosure of YSP's: Not having to disclose yield spread premiums is a major advantage of mortgage banking versus strictly brokering.
• Direct-Lender Status: Everyone likes to deal with a "direct lender." This is true of borrowers and of referral partners.
• Broad Product Offerings: With an expansive approved wholesale mortgage lender list and complete in house product offerings, you will never lose a deal to another mortgage 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.
• Automated Underwriting: Southwest Funding retail mortgage branches all have access to Loan Prospector, Desktop Underwriter and other automated underwriting engines, which streamline the loan-origination process.
• Mortgage Accounting and Support Services: Many mortgage brokers who become retail mortgage branch affiliates are delighted that Southwest Funding's accounting department takes the back-office load off of them. This frees time for the retail mortgage branches to do what they do best - originate.
• Technology for Mortgage Branch Offices: Loans can be registered and locked online, conditions can be cleared and pipelines monitored around the clock. Southwest Funding is paperless. We use a Web-based loan-origination-software (LOS) system that allows our originators to access lenders and third-party service providers such as title companies, loan and document-preparation firms, credit agencies, appraisers and automated-valuation-model services, at the click of a button.
• Mortgage Training: Southwest Funding conducts recurring training in FHA/VA governmental-loan products, technology and LOS updates as well as marketing and lead generation seminars.
• Marketing support: Southwest Funding offers vast mortgage marketing and advertising support as well as lead sources.



Take advantage of our mortgage branch opportunity by applying now!