More about the big changes for mortgage net branch managers in 2010. There is now a new 4 page GFE (Good Faith Estimate) and new disclosure rules to go with it. The new GFE has you disclosing the figures several different way to (in theory) help the borrower better understand the transaction. The initial fees [...]

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 [...]

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 [...]

OK you have decided that you are going to focus on FHA and to do that you are going to join a net branch company. Are they all the same? Is FHA the same everywhere? That’s an easy one to answer. No! Here are some of the key differences that you should understand when choosing [...]

In the first post on this topic I mentioned that some net branch companies are promoting a system where you can get around the “other” states licensing requirements to originate and still get paid. I learned about this from a prospective branch manager when I asked if she was considering other companies. I asked what [...]