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 Search for: Can anyone recommend a good net branch.
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jimthiel

26 Posts

Posted - 05/02/2008 :  12:19:42 PM
I am looking for a net branch company with a cfl license that I can do fha loans with in California I do not want to pay more than 500 per loan any suggestions?
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1003s.com

2904 Posts

Posted - 05/05/2008 :  11:15:22 AM
Jim, depending on what you are looking for, opportunity #1

might be a good option. They have a CA DEPT OF Corporations License,

that would be on the same order as the CFL,

as it relates to your question...


Opportunity #1

No Set Up Fee, $500 – flat fee per file no monthly fee.

Raw banker pricing, no padding from 5 well known lenders,

Taylor, Bean & Whitaker
Flagstar
DK Funding
West America
SunTrust

for CONV,and FHA loans.

They are also set up to broker loans to provident. As well as many other lenders

This program supports 1099 or W2 employee’s classification is dictated by licensing in each state. If you plan to originate FHA loans you must be a W2 employee.

Many of the branches with this company close loans under their own DBA so they are

are able to build their own brand name, while at the same time having the ability

to close FHA loans and have access to a large lender list and in some cases take

advantage of a preferred price.

This program has a great technology platform.

Pick your own LOS.

AR,CA,,FL,IA,IL,IN,KS,MI,MO,NM,TN,TX,WA,WI

States where 1099 is an option = FL,WA,KS,MO,IA,TX

Branches can use a registered DBA with this program in all states except IL.

A branch that is W2 can still use a registered DBA for marketing.

This is a great feature, for brokers that are considering converting to

a net branch type opportunity for the purpose of doing FHA loans,

as it allows them, to retain the name, they spent

time, effort, and money establishing.

dkendall1979

8001 Posts

Posted - 05/05/2008 :  11:24:18 AM
You get what you pay for with branches. Believe me!

It very well may be worth paying a little more for a little less headache. Read below:

quote:
Originally posted by jimthiel

I am looking for a net branch company with a cfl license that I can do fha loans with in California I do not want to pay more than 500 per loan any suggestions?

dtabar

593 Posts

Posted - 05/07/2008 :  1:16:42 PM
yeah, something like that will last for about three weeks.
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1003s.com

2904 Posts

Posted - 05/07/2008 :  1:24:59 PM
quote:
Originally posted by dtabar

yeah, something like that will last for about three weeks.



Darrell,

I am not sure what you are responding to, however, just for the sake of clarity,

Please note: opportunty #1 has been around for several years.
the_mortgage_guy

711 Posts

Posted - 05/07/2008 :  2:12:24 PM
quote:
Originally posted by 1003s.com

Jim, depending on what you are looking for, opportunity #1

might be a good option. They have a CA DEPT OF Corporations License,

that would be on the same order as the CFL,

as it relates to your question...


Opportunity #1

Whats opps available that include Mass?

No Set Up Fee, $500 – flat fee per file no monthly fee.

Raw banker pricing, no padding from 5 well known lenders,

Taylor, Bean & Whitaker
Flagstar
DK Funding
West America
SunTrust

for CONV,and FHA loans.

They are also set up to broker loans to provident. As well as many other lenders

This program supports 1099 or W2 employee’s classification is dictated by licensing in each state. If you plan to originate FHA loans you must be a W2 employee.

Many of the branches with this company close loans under their own DBA so they are

are able to build their own brand name, while at the same time having the ability

to close FHA loans and have access to a large lender list and in some cases take

advantage of a preferred price.

This program has a great technology platform.

Pick your own LOS.

AR,CA,,FL,IA,IL,IN,KS,MI,MO,NM,TN,TX,WA,WI

States where 1099 is an option = FL,WA,KS,MO,IA,TX

Branches can use a registered DBA with this program in all states except IL.

A branch that is W2 can still use a registered DBA for marketing.

This is a great feature, for brokers that are considering converting to

a net branch type opportunity for the purpose of doing FHA loans,

as it allows them, to retain the name, they spent

time, effort, and money establishing.



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