In the last post we covered broker vs. lender for FHA loans. Now let’s take a look at the next items on the list of important criteria you should consider if you are considering a net branch opportunity and intend to originate FHA loans. FHA originated using the corporate address or the branches? Corporate processing [...]

In the previous post we looked at the common questions everyone asks. “What are your net branch fees and how long will it take to get approved?” I speak to people everyday that are looking for a mortgage branch partnership. Many times the key questions are not asked. The questions that I think are important [...]

What are your fees? How long will setup take? These are the most common questions I am asked. Are they the most important? My answer is NO! These are important questions but just about every company is close to the same answer. Most companies are between $350 and $500 per file. (We are $395 in [...]

I just read the news that another national net branch company – Global Mortgage Inc. located in Clearwater Florida – has declared CH-7 bankruptcy. Global like many others in the net branch segment of the industry was plagued with investor buy backs and operations problems that were caused in part to poor management and also [...]

I want to originate in every state where you are active. In my work speaking to prospective branch managers I hear this statement every day. My answer / question is always the same. Are you sure? I then ask several important questions. Have you researched the licensing requirements for loan officers and branch offices in [...]