1.  Maximum Payout

Wouldn’t it be nice to keep almost all of the fee that you generate on a loan transaction?  When you close a loan transaction utilizing your in-house credit lines a small fee is deducted from the gross fees earned and you keep the lion’s share of the front end points, the back-end points and any fees you have charged.  

2.  Instant Lender Status  

When you join a branch network program or a branch partnership as a branch manager you instantly become a mortgage banker. You do not have to prepare and file any financial statements, secure a fidelity bond, or go through a financial third degree to secure your warehouse line. It’s already in place for you. When closing as a lender, of course, you need not disclose any back end premium to your client.

3.  Banker/Broker Flexibility

In our business every loan officer knows that it is not possible to have in-house programs for every borrower and convoluted circumstance. Through the branch network program you are provided with access to many investors who will have a program for most borrowers and their convoluted circumstance. Armed with your in-house programs and this assortment of investors you should be able to close any deal that has merit.  

4.  Government Loan Availability  

Even the novice loan originator knows that government programs provide clients with some of the best rates, lowest down payments, and best loan terms in the marketplace. This is not to mention the generous yield spread premiums available for you when you arrange these types of loans. If your current employer does not permit you to arrange FHA and VA loans for your clients you need to find a situation where you can originate these loans.

The branch programs and branch partnership we promote are structured so that you will have access to the best government programs available. If you have never arranged a government loan before don’t worry.  You will have an in-house processor ready to help you. No longer will you have any excuse for not making money on these clients.  

5.  Multi-state LicensinG

These days there is just no reason for you to lose deals to competitors in other states simply because you are not licensed in a particular state. On the other hand acquiring and maintaining licenses in many states is a very expensive and time consuming undertaking. The answer is the branch network program. When you become a branch network branch manager you can arrange loans in many different states including the District of Columbia. Just ask to see which states are available for you . 

6.  Expansion via Satellite Offices  

When you reach the point in your career when you would like to open up more than one office the Branch network program will enable you to expand to the level that best suits your goals. Whether you are opening up another office to be in a certain location or if you are planning to build a small mortgage empire of many offices in many states, you have the option to do whatever you would like. The only restriction that you may encounter is that you may not be permitted to open up an office in an identical location of a pre-existing office that is in good standing. Although there is no formal policy restricting territories priority is typically given to an established and profitable office.  

7.  Accounting/Bookkeeping Services

Back Office Administration

If you have owned and operated your own mortgage firm you know how time-consuming and exasperating all of the paperwork can be. One of the key objectives of the branch network program is to help you spend more time on closing deals and minimize your time spent on paperwork. To accomplish this you are provided with what amounts to your own back office support staff. If you would like to have a bill paid, simply submit a bill payment request form. Within several days your payment will be made. Payroll is handled in a similar fashion. Some branch managers choose to utilize a personal management corporation. Ask about the benefits.  

8.  Corporate Support

Keeping up with all of the changes in compliance matters and new products is very difficult if you are on your own. As a member of a branch network program or branch partnership your firm will track changes in the marketplace and keep you current on the latest developments. Compliance reviews and audits are done as a routine matter which, of course, benefits everyone. If you would like training on a new topic just contact your branch liaison and they will get you the information you want. Usually training sessions are available on the web via streaming video. Each new candidate is required to attend an orientation program within several months of joining a firm. It usually lasts about three days. This orientation program is a chance for you to meet the people with whom you'll be working.

9.  Hospitalization and 401(k) plans

When you become a member of a branch network program you will have access to a Fortune 500 style benefits program. You may or may not elect to participate. These benefits however offer an attractive incentive to potential employees.