How to successfully apply for a mortgage net branch manager position. Setting up a net branch means that you are applying to be hired by a company as a manager. As small independent  shops are are forced to close or merge with larger operations and FHA becomes more important you will see it become harder [...]

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 [...]

HUD has announced the suspension of three lenders – these company’s FHA activity has been halted pending further investigation by HUD into their business practices. The three lenders are: Golden First Mortgage Corp of Great Neck, NY; Great Country Mortgage Bankers, Inc. of Coral Gables, FL; and Beneficial Mortgage Corporation of San Juan, PR. Any [...]

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 [...]