Net Branch Opportunities
Opportunity #1
$500 – flat fee per file no monthly fee.
Plus $35- for FHA files
Strong banker pricing
Approved Correspondent Lenders:
- Provident Funding
- BB&T
- Ever Bank
- Flagstar Bank
- Generation Mortgage
- NYCB Mortgage Co
- Plaza
- Premier Home Mortgage
- Provident Funding
- Stonegate Mortgage
- Urban Financial
- Wells Fargo
- Wintrust
Many of the branches with this company were established broker shops
with their own branding already in place. This opportunity allowed them
to retain their own DBA, so they were able to build upon the name
they already established.
This program has a great technology platform.
Pick your own LOS.
AL,AR,CA,CO,FL,GA,IA,IL,IN,KS,LA,MI,MO,NC,NE,NM,OK,SC,TN,TX,WI
Please note use of a DBA is prohibited in the following states: IA, IL,NE,SC
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Opportunity #2
MA, NH, RI, CT, NJ, NH, WV, PA, OH, FL and HI.
Is a correspondent only lender not the promised land. for you?
No YSP disclosure, quicker underwriting, better pricing, etc. All seems
good in theory. However, often many folks find the lender products are far
to limited to sell. And Loans were lost in the process of waiting for a right
of first refusal, ect.
So for some folks what works best is to be a correspondent lender when
you want to, or be a broker with a with many products when you need to.
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Opportunity #3
AR,CA,CO,CT,DE,FL,GA,IL,IN,KY,MA,MD,ME,MS,NC,NH,NM,NJ,PA,RI,SC,TN,TX,VA,VT,
Now licensed in the DOC
This opportunity is geared for branches that close 5 plus loans per
month, nearly all loans are close on the banking side with internal
full eagle underwriting.
This is a medium sized mortgage banking firm, located in the
MID Atlantic region.
They sell off loans to the big players:
- Chase
- Wells
- Citi
- BOA
note: this opportunity only brokers Reverse Mortgages.
Fees for brokered loans. $595 per file plus .125 % of loan amount
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Opportunity #4
Mortgage banking branch opportunity, based in the
heart of the South.
In house underwriting 24 hour turn time on:
- FHA
- VA
- CONV
- 203K loans
- USDA
Rate Padding is very thin .300 and offset by volume
pricing incentives.
Fees paid by the borrower:
$795- includes, DOC Prep, underwriting, ADMIN Fee per file,
Processing, tax service, flood Cert, credit line fees, ETC.
AL,CA,CO,CT,FL,GA,HI,IL,IN,MD,NC,NM,OR,PA,SC,TN,TX,WA
Experience required.
