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thart13
4 Posts |
 Posted - 08/03/2008 : 6:18:17 PM
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Need some help and I know I am not alone. I am having problems getting FHA approved in Florida. I have been in business for over 4 years and have established a very good name in town. I am looking for a Net Branch opportunity that must meet several requirements. I am open to different types of opportunities so please feel free to give out any ideas.
This is what I am looking for if it is available.
• Allow me to do business as a DBA using my company name
• Would love to operate as my company and use the net branch for just FHA
Those are really the only hang ups I have so please give me some advice.
Thanks!!
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1003s.com
3368 Posts |
Posted - 08/04/2008 : 07:45:42 AM
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Tim,
opportunity #1 allows for a DBA, for marketing only.
You would need to be exclusive, and a w2 employee,
to do FHA loans. On the plus side, all the branches
I recruited for them, that closed loans, are still active branches.
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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NetBranchSite
11 Posts |
Posted - 08/04/2008 : 12:24:38 PM
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| check the companies on www.netbranchsite.com |
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SCutler
15 Posts |
Posted - 08/05/2008 : 07:44:03 AM
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Try Citizens Financial Mortgage! I'm not going to try and buy you through this blog, so here's the website and you can check it out for yourself.
www.295netbranch.com
If you have any questions please contact me at scutler@cfmrt.net
I wish you luck! |
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JEMORTGAGE
338 Posts |
Posted - 08/05/2008 : 08:25:06 AM
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| im looking at 1st family or 1st continental..will let you know what i can find out |
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D41
74 Posts |
Posted - 09/11/2008 : 6:05:01 PM
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If you are still looking for a company to work with give me a call.
517.214.3257
we have 2 options 1495 a month or 495 per file. you can switch w/ a 30 day notice... so once you are closing more than 3 loans a month you can flip over and save money.(no charge)
Great back office support and technology.
Take care,
Darick Hensel
www.tffinc.net/fha |
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