Supreme Lending is a net branch company based in Dallas, Texas. They boast multi-state licenses and new branch additions of 5-10 per month.
HIGHLIGHTS:
100% Commission
$300 per file flat fee
FHA/VA approved
Health, Dental, Life Insurance and 401(k) available
No YSP disclosure
In-house underwriting, closing, and funding available
Monthly training available
Supreme Lending’s Net Branch Website.
CharterWest Mortgage is a net branch company based in Golden, Colorado. They can originate in Alabama, Colorado, Florida, Indiana, Iowa, Kentucky, Michigan, Minnesota, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, South Dakota, Tennessee, Wisconsin and Wyoming.
HIGHLIGHTS:
No Setup Fees or Escrows
HUD Approved Lender
FHA / VA
Banked loans and Brokered loans
Direct Deposit Every Friday
No […]
HIGHLIGHTS:
Fixed monthly fee ($1995) or flexible fee (10% of gross)
Multi-state licensing
1099 payment available in certain states
Medical available
Free accounting
Compliance support
Advanced Home Loans Net Branch Website.
Ameritime Mortgage Company is a net branch provider based in Houston, Texas. They boast the ability to fund loans in over 40 states with total production over one billion in 2006.
HIGHLIGHTS:
Various branch setup and fee structures available
Calyx Point software free for branch managers
Lucrative, residual income from referrals
200 lender affiliations
Direct access to corporate executives
Support, Compliance, […]
Norstar Mortgage Group is a net branch company based in Birmingham, Alabama.
HIGHLIGHTS:
$1,199.00 per month flat fee for the branch, all other commissions kept by branch partner
Banked loans and brokered loans
Over 180 lender affiliations
15 states of operation
FHA/VA
Training at corporate offices available
Medical, Dental, and 401(k) available
Norstar Mortgage Group’s Website.
Carteret Mortgage is a net branch company based in Centreville, Virginia. The company boasts over 2,000 loan officers originating in all 50 states.
HIGHLIGHTS:
400 lender relationships
FHA/VA
Recruitment bonus
Medical, Dental, Life, 401(k) available
Carteret Mortgage’s Website.
Midas Financial Group is not a traditional net branch company, though they provide many similar benefits. The structure more closely resembles a multi-level-marketing plan than a net branch.
HIGHLIGHTS:
Nationwide origination available - licensing exempt through federal bank charter
Commission overrides on several “levels” of loan officers
Banked and Brokered loans
Midas Financial Group’s Website.
Open Mortgage is a net branch company based in Austin, Texas. They boast 2-3 new branch openings per month while currently licensed in CA, CO, FL, IA, IL, IN, KS, MO, NM, TX, WA & WI.
DETAILS:
Over 80 lender relationships
FHA/VA
Training available
Banked loans and brokered loans
In-house processing available, though not required
Accounting, Legal, Compliance, and Payroll support […]
Benchmark Mortgage is a net branch company based in Dallas, Texas. They boast 340 branches nationwide, in 40 states, with licenses pending in 8 additional states.
DETAILS:
100% Commission on banked and brokered loans
No up-charges for brokered loans
No padded rates
No YSP disclosure
Initial and ongoing training
Licensing, Compliance, Accounting, Payroll, Tax Reporting provided in-house
In-house Underwriting, Processing, Funding, […]
All Fund Mortgage was founded in 1990 by Richard E. Ardmore. The company boasts operations in 45 states, over 100 corporate employees, production of over a billion, and in-house products sold directly to Wall Street.
DETAILS:
In-house or brokered loans
FHA exemptions available
In-house processing available, though not required
Web-based LOS
Health PPO, Dental, 401(k) available
Commissions ranging from 40%-100%
Branch, LO […]