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renet
8 Posts |
 Posted - 07/31/2008 : 3:19:44 PM
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This post is to generate a list of functioning net branch operations that exist in today's market. They have weathered thru the storm and are still thriving.
Go ahead and mention:
* how many states they cover
* commission structure to the branch manager and LO's
* federally chartered bank?
* whatever else you what to mention
btw: Let's keep this post positive and only mention positive experiences so we develop a list of companies LO's can contact and be glad they did. |
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BB
989 Posts |
Posted - 07/31/2008 : 3:31:19 PM
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I have been with Allied Home Mortgage Capital Corp for about 3 1/2 years. You can check them out here and see what they offer http://www.alliedmortgagecorp.com/
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renet
8 Posts |
Posted - 07/31/2008 : 3:46:11 PM
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| Does AlliedCapital pass the SRP to the LO's / Branch Managers? |
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BB
989 Posts |
Posted - 07/31/2008 : 4:20:24 PM
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| You can use their banked product or broker, whichever you prefer. On the banked product they give you a net price on the daily rate sheet. If you can do better then go elsewhere. However, no ysp disclosure on banked product. |
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bestbet123
1090 Posts |
Posted - 07/31/2008 : 4:22:13 PM
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| 2 years with HCI,we aint the cheapest but you get true raw banker pricing.Check out the website for additional details or call me anytime. |
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BB
989 Posts |
Posted - 08/01/2008 : 09:59:56 AM
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| Anybody else? |
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JEMORTGAGE
296 Posts |
Posted - 08/01/2008 : 10:01:58 AM
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| my friend is signed up with UHMC in Florida and he hasnt had an issue yet |
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themortgagehub.n
64 Posts |
Posted - 08/01/2008 : 10:04:11 AM
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I am the Director of Net Branches for Sun Valley Mortgage in Utah. We can set up anybody throughout the surrounding states for Net Branching. If you are interested, please contact me at choffman@sunvalleymortgage.com
Cameron Hoffman |
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1003s.com
3022 Posts |
Posted - 08/01/2008 : 10:11:15 AM
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David,
Opportunity #1 below, still has every single branch
I sent that closed loans, since I have sent them
a fair number of branches, it would be fair to say
that is a good sign.
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.
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