START UP FEES

There is no up-front fee, membership fee or franchise fee to become a branch manager, branch partner or loan officer with one of our client's branch network programs. If you have the requisite experience you will need to absorb two licensing expenses. First, your state may charge a state branch licensing fee. You will have to pay this fee.  Second, if you would like to originate government loans from your branch you will incur an annual fee which can be withdrawn from your branch account and paid to HUD on your behalf. Mortgage banking firms will require that you have a current NMLS registration  as well as possess a current state mortgage license for each state in which you transact business.  Banks typically only require a current NMLS registration. Some firms will require that you visit with them before joining.

TRANSACTION FEES

As a member of a branch network or as a branch partner your branch will incur a small fee on each residential mortgage transaction that your office closes.  Fees vary from program to program. The loan pricing you receive on any specific deal plays a large part in determining the net transaction fee to you.  If the pricing you receive from your firm is better than your competitor’s you may actually end up making a larger profit even though you have paid a higher transaction fee. Ask us for specific examples.  

OVERHEAD EXPENSES