Archive for the ‘mortgage net branch’ Category

Loan Officers – 5 signs you are originating for the wrong company

Loan Officers and Managers –     Here are five signs that you may be originating for the wrong mortgage company.       Your pricing is way off the mark. ¬†Your compensation is too low. Your UW turn time and / or service is bad and you see no change. Your company is adding […]

Net Branch – definition.

What is a Net Branch? There are conflicting definitions of what a net branch is. HUD, various state legislative bodies, and the mortgage industry do not always agree on what a net branch is. The big differences seem to be between the generic use of the term that is used throughout the mortgage industry and […]

Net Branch best business model for mortgage professionals

Why is a net branch the best business model for most mortgage professionals? One of the reasons is that current and pending legislation is making it harder for small independent mortgage shops to survive. As our mortgage lending environment continues to change more mortgage lending professionals are switching to the net branch business model because […]

Mortgage Net Branch and The NMLS in 2010

This year, 2010 is the deadline for all states to become part of the National Mortgage Licensing system (NMLS). Net Branch Managers should full understand the new rules and how they may change the way you operate your branch and how you hire new loan officers. Many loan originators under their current state banking laws […]

Growing your net branch business!

Growing your net branch business. Should you hire more loan officers or is there a better way? After becoming branch managers many successful loan officers try to duplicate themselves by hiring more loan officers. It is a logical step. But is it the right step? The internal conversation usually goes something like this: “If I […]