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noochie35
125 Posts |
 Posted - 05/09/2008 : 11:45:45 AM
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| I am a Mortgage Broker thinking of Becoming a Net Branch. Is this a good move? What are the Pluses and Minuses of Doing this? Any info would be helpful. |
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ringram38
20 Posts |
Posted - 05/09/2008 : 12:10:43 PM
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| I hated to give up control of my own company, but everything I am doing this month is through the new branch and FHA. |
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noochie35
125 Posts |
Posted - 05/09/2008 : 1:36:30 PM
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| Do you have to use their lenders? how does it work? |
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Agent177
68 Posts |
Posted - 05/09/2008 : 2:08:39 PM
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| If, you have the funds for multi-state and FHA. Hands down be your own entity. Build your business gradually with the right team members( careful who you hire and trust ), keep your overhead low, and you should be fine. Ask yourself," What am i looking get out of this" Because there is a mess of headaches that come with net branching and owning a single entity. If, you want less headaches and you turn decent months. Just work from home at a higher split, less headaches! But you definetly reap the benefits with a tight knot single entity ran correctly. Not much help but a few ideas. |
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noochie35
125 Posts |
Posted - 05/09/2008 : 2:19:02 PM
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| i am a broker now. I was thinking that could go the net branch route in order to close FHA and get a service release premium. Do this and become a lender in about 6 months |
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Banker0679
6303 Posts |
Posted - 05/09/2008 : 2:40:18 PM
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SRP? Have you looked the difference in receiving YSP/SRP?
Dont believe everything you hear
quote:
Originally posted by noochie35
i am a broker now. I was thinking that could go the net branch route in order to close FHA and get a service release premium. Do this and become a lender in about 6 months
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