|
 |  | |  |
Note: The content below about broker to broker is under review and still being developed.
Should I Open a Net Branch Office or Continue as an Independent Broker? By Gil Holloway, Marketing & Recruiting Consultant, Benchmark Mortgage
With RESPA reform and field compliance issues burgeoning, the flight to the "banking" side of the industry is accelerating. Why? What are the advantages of Mortgage Banking and "Branch Partnership" arrangements? Are you one of the many Mortgage Brokers or individual Loan Officers considering opening a "Net Branch Office" of a larger mortgage banking institution? Or, are you a Broker considering your own warehouse line(s) of credit to expand your brokerage into mortgage banking?
Is there a solution for net branch operations? Yes. Here's a look at some of the Advantages and Disadvantages of becoming a "Net branch Partner" of an existing Mortgage Banking operation. At the outset, many smaller brokerages simply don't have the capital reserves, experience, requisite time or cash flow to establish their own "warehouse lines" and extend their own capital. The very act of hiring Underwriters, Funders, Closers, Compliance Officers and Secondary Market experts is rigorous, expensive and very time consuming. Indeed, smaller brokerages have attempted the conversion to their own detriment. By spending countless hours developing a mortgage banking capability, they've taken their eyes off of origination and severely impacted their incomes! For more information on a net branch operation credit reporting solutions, contact MBS now.
Do you have a question, comment, or suggestion for MBS about net branch operations or anything else? Please input your name, e-mail address, contact number, and any comments. A specialist from Mortgage Banking Solutions will contact you within 12-72 hours. All fields are optional.
You can also email or contact us by phone
| Net Branch | Net Branch Operations | branch operations | Net Branch Operation | NetBranchOperations | licensing | loan operations | mortgage broker licensing | net branch | net branch |
|
|
|
|
|
