Branch Opportunities
Develop a branch division within your mortgage company
If you are looking to develop a branch division with your mortgage company, please review the following areas you will need to address in developing your strategic business plan.
Let us help you find the right branch opportunity for you.
Before selecting a branch opportunity in the mortgage industry, please review our checklist of questions.
For more information or questions contact Brokers United at (877)710-0948 or email Jeff Flees at jeff@brokersunited.net.
Click On Map For Larger Net Branch Opportunity View
Mortgage Branch Opportunity - Mortgage Lender & Broker
MTG000: A Mortgage Net Branch Opportunity, Established in 2000. Gives branch managers the ability to earn more money and have less risk than owning their own company. Being a direct lender, they provide branch managers with the great combination of excellent rates, solid underwriting turn times and decisions, and low fees, which results in you earning more commissions.
Most importantly, the business acumen and professionalism of senior management combined with the support you get from their operations, accounting, licensing, administrative, correspondent lending, sales and marketing, processing, and compliance departments is second to none.
Have A Representative Contact You On This Program: Apply Here
- Date established: 2000, ethical and successful management team
- Organization: Mortgage banker (Direct seller to Fannie, Freddie, Ginnie) or (BB&T, Bank of America, Chase, GMAC, Wells Fargo)
- Underwriting: Full Eagle, Internal underwriting except reverse mortgages
- Pricing: Very competitive, manager can build an override to their office P&L (Optimal Blue)
- LOS System: Encompass
- States licensed: AK, AL, CO, CT, DE, DC, FL, GA, IA, KS, KY, MD, MA, MI, MN, MO, OH, NH, NC, NE, OK, PA, SC, TN, TX, VA, WV, and WI
- States pending: AZ, CA, IL, IN, LA, MS, NJ, NV, NY, OR, RI, UT, WA
- Fees: $500 / mo per branch plus
$100 per loan officer per month
$845 underwriting / commitment fee per file, no per file fee - Broker (reverse or niche) 50 basis points
- Experience: 5 years +
- Production req.: 10 loans or $15,000 in revenue per month for office
- Credit history: Solid and stable, no recent bankruptcy or divorce
- Criminal history: No felonies or pattern of criminal offenses
- Income: Greater than 50K per year the last two years
- Payroll: W-2, twice a month, P&L charge 10% match on W-2 income
- Benefits: Health, supplemental, 401-K
- Remote/home L/O: Not available
- Marketing: Support and materials provided, lead management systems
- Processing: Available if needed, loan officers not allowed to process own files
- Support: Intranet, operations, licensing, compliance, HR and accounting, products / help desk, sales training, continuing education, AMC
- Reserves: 2 months operating or $5000, will allow time to establish
