weststarbranch
1 Posts |
 Posted - 02/06/2008 : 10:54:32 AM
|
Has your Wholesale Line dried up?
Are you able to offer FHA & VA?
Is your Net Branch on it's way out?
Is your Net Branch nothing more than a glorified broker?
Looking for a way to survive in this market?
WestStar Mortgage, Inc.
Mortgage banker/lender out of Virginia
Perks:
100% Payout (YSP, SRP, Discount, Origination, etc.)
$695/mo branch fee ( NO per file fee or other junk fees!) We make our money selling paper.
In business since 2000, and growing steadily and successfully ever since
Direct Lender - True Banking Platform
NOT a Net Branch
NOT a Correspondent Lender
NOT a Glorified Broker
Become a bank branch
25 Licensed States; 7 States Pending
Licensed: AL, AK, AR, CO, CT, DE, DC, FL, GA, IN. IA, MD, MA, MN, MO, NC, OH, OK, RI, SC, TN, TX, VA, WV, WI
Pending: KS, KY, LA, MI, MS, NH, NM
Actively looking to acquire a 50 state federal charter (which will eventually provide a nationwide licensing exemption)
Process your own files, OR have us do it for you at $395
FHA Full Eagle Lender
Direct secondary pricing, rates are not padded
Very competitive pricing in this RETAIL environment
Become a RETAIL Lending Bank Branch
Product & Pricing Engine
Use your own software and systems
Run DU/DO/LP directly, not through a storefront
PreTax Expense Reimbursement for valid expenses
Benefits available: 401k, Health, etc.
FHA, VA, RD, Conforming, Manufactured Housing, Construction, Agency, Alt-A, Non-Conforming, Sub-Prime, SISA, SIVA, HELOC's, Jumbo, Super Jumbo and other niche products.
Bank 99% of your deals!
Broker the other 1%
Best of Net Branching, without being a Net Branch
Best of being a Broker, now as a Retail Mortgage Banker
Common sense underwriting closes more deals
Last branch recruited got 3 out of their last 4 DECLINED loans APPROVED at WestStar!
Family First & Maverick Residential branches have found WestStar to be their safe haven, transfering to our platform!
No Minimum Requirements
As the Big Banks and Governmental regulation and laws continue to put us Brokers and Wholesale Correspondent Lenders out of business or make it harder to do business, we're left with only a few choices:
-Either find a new field of work...
-Go to work for a bank...
-Buy a bank...
-Become an expensive, uncompetetive FHA broker...
-OR, join the right mortgage banking platform!
Regulation to end Net Branching is continual. HUD and the FED close and refute net branching companies almost daily. The Implodometer is a good indicator that net branching, while a good idea, is on it's way out, while only the retail banks are the ones that will remain standing.
Join WestStar Today! We're headed in the right direction!!!
Call me directly at 704-248-6913. Serious inquiries only. Producing branches and branch managers and successful loan officers looking to start their own branch.
Thank you, good luck to us all in this uncertain market!
-J.Burr- |
|
Search for: 
