Have you been originating residential mortgages for over 3 years?
Can you and your team consistently close at least 8 loans a month?
Has the entrepreneurial bug bit you?
If you answered yes to all three questions above, then it is time for you to investigate starting your own business. Running your own business isn’t easy. If it was, everyone would be doing it. If you are hardworking, self-initiated, have a successful track record of originating loans, and truly believe you can run a successful business, every Net Branch Provider wants YOU! You have to decide if you want to go into business for yourself or if you want to partner with a Net Branch Provider.
Benefits of running Your Own Residential Mortgage Business:
q Make more money than working for someone else
q Hire who you want
q Work with the investors you want
q Set your own hours
q Spend more time with your family
q Play golf on Friday, etc.
Benefits of partnering with a Net Branch Partner rather than setting up your own organization
q Less Risk / Limited Liability
· A step-by-step system that other entrepreneurs have proven successful
· Get help arranging and negotiating agreements
· Provide Quality Control to ensure all loans are in compliance
q Less headaches and hassles
· Already have established relationships with investors and vendors
· Do not need to be individually licensed in certain states
· Majority of support services can be done for you (e.g., AP, AR, Payroll, Benefits, Financial Reporting, Loan Processing, Document Preparation)
Some key points to look for in a Net Branch Provider:
q Charge minimal fees so you can make more money
q Earn maximum premiums so you can make more money
q Offer full range of products with the competitive product pricing in the market
q Provide full range of support services so you can spend more time originating loans and less time on non-revenue-generating administrative tasks
q Allow you to process your own loans, if you desire, without charging you a premium
q Offer loan processing services
q Provide closing document preparation services
q Let you be as large or as small an organization as you want
q Does business legally, ethically, and profitably
q Willing to help you as little or as much as you want
q Give you the opportunity and the freedom to perform (i.e., Doesn’t constantly look over your shoulder)
You are responsible for the bottom line of your business! Make sure your Net Branch Provider is committed to helping you maximize your bottom line.
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