What is a Net Branch? There are conflicting definitions of what a net branch is. HUD, various state legislative bodies, and the mortgage industry do not always agree on what a net branch is. The big differences seem to be between the generic use of the term that is used throughout the mortgage industry and [...]
Why is a net branch the best business model for most mortgage professionals? One of the reasons is that current and pending legislation is making it harder for small independent mortgage shops to survive. As our mortgage lending environment continues to change more mortgage lending professionals are switching to the net branch business model because [...]
This year, 2010 is the deadline for all states to become part of the National Mortgage Licensing system (NMLS). Net Branch Managers should full understand the new rules and how they may change the way you operate your branch and how you hire new loan officers. Many loan originators under their current state banking laws [...]
Growing your net branch business. Should you hire more loan officers or is there a better way? After becoming branch managers many successful loan officers try to duplicate themselves by hiring more loan officers. It is a logical step. But is it the right step? The internal conversation usually goes something like this: “If I [...]
Finding mortgage net branch companies is easy, locating the best net branch companies is not so easy! A search for “net branch” on Yahoo lists 126,000,000 results. Most people do not go past the 1st 2-3 pages of results. With 10 results per page that 20 – 30 listing to review for information. That’s almost [...]
