Does anyone have any info on who would be best to sign on with as a net branch……..who covers the most states in usa if not all of hem…………who doesnt require high reserve acct deposits or high sign on ees…….someone who allows you to work out of your home………but also, ays the best 100% or not less then 90%.
The little prob. that you will run into with these guys are that they will require all govie loans to go to Oceanwest for first look and the pricing is not consistent with the market that we have. They have some pluses such as the potential to operate as a DBA and check writing ability in a controlled manner, but definetly some negatives. I feel that the negatives outweigh the positives. Also, if you do broker outside of Oceanwest you will have to provide to Oceanwest a copy package of all your subprime final submissions after Oceanwest gets first look. A nuisance… I’ve looked into these guys when shopping for a net branch to call home and eventually decided to hang my hat with Accent Mortgage Services, Inc. – no finders fee, purely out of the sweetness of my heart I will recommend these guys…
I am looking for a good net branch opportunity with a good pay-out, however, I only have 1 year of experience as a mortgage loan officer, but I do have several years in other financial experience. Any suggestions?
I’ve never interacted with this group but have read various chats. I own a small mtg co and we are both a correspondent lender and broker. State regs require bonds, etc that are becoming more and more costly. I am requesting input about net branches such as requiements, costs, etc. All information will be appreciated.