Net Branch – How important is FHA? Up until 18 months ago most people would have said – not so much! Today it’s another story. With the Fed take over of Fannie and Freddie comes a very strict requirement for the two agencies to cut their portfolios by over 60%. This will mean less lending [...]

I have seen an increase in net branch recruiters working for affiliates of Federal Savings Banks stating that you can originate FHA loan nationwide from any location. I have yet to see one of these banks named in any marketing information. They use the F.S.B.’s exemption from state licensing laws as the basis for this [...]

This is a very important topic that many net branch companies do not want to address. Q. Can you work for a mortgage net branch company and be paid all or part of your income as a 1099 contractor? (There are many companies telling prospective branch managers that this is OK – legal – and [...]