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.
These companies are trying [...]

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 getting a HUD [...]

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 today’s [...]

Ameritime Mortgage and Residential Loan Centers of America
It appears that Ameritime Mortgage, based in Houston, TX and Residential Loan Centers of America, Des Plaines, IL have ceased lending. Their websites are down.
Ameritime Mortgage funded loans in over 40 states and offered branch opportunities in around 20 states. RLCA operated in 18 states.
Although it appears that [...]

Another one bits the dust!  No not the song by Queen… Another National Net Branch company is shedding 80% of it’s branch offices.
Branch managers were surprised by an email yesterday announcement to it’s large branch network that they are closing effective Tomorrow.
Although the branches will have about 30 days to clear out their pipelines this [...]