Texas Net Branch News As Texas moves towards full compliance with new national licensing laws,  Douglas Foster Commissioner of the Texas Department of Savings and Mortgage Lending announces: Transition of Mortgage Broker Entity Licenses and Individual Mortgage Broker and Loan Officer Licenses Ends August 31, 2010 July 9, 2010 The deadline for transitioning current mortgage [...]

Your mortgage branch could be done with USDA Rural Housing for the year! According to the estimates by the USDA Rural Development Agency the Single Family Program  will be out of fund by the end of April for 2010. In a memo dated April 9,2010 that was sent to all participating lenders the agency said: [...]

Credit Repair and Loan Modification – Good or Bad For Net Branch Loan Officers? I have noticed that there are several “side businesses” trying to recruit loan officers. By “side businesses” I mean companies that offer services like credit repair or loan modification. My in-box is full of offers and I see recruiting ads everywhere. [...]

Why join a national mortgage branch company for FHA? Instead of joining a net branch company to originate FHA loan wouldn’t it be better to get your own company approved by HUD to originate FHA loans? In most cases the answer is no. Let’s look at some of the costs associated with any mortgage company [...]

If you are considering joining a net branch company one of the biggest decisions you face is the lender vs. broker decision. In the past the ability to be both a broker and a lender was a valid option. Today although most companies still promote the available option to be broker or lender – in [...]