Archive for December, 2006

Supreme Lending

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 [...]

CharterWest Mortgage

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 [...]

Advanced Home Loans

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

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 [...]

Norstar Mortgage Group

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 [...]

Carteret Mortgage

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

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

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 [...]

All Fund Mortgage

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) [...]

Sun Valley Mortgage

Sun Valley Mortgage is a net branch company based in Salt Lake City, Utah. They offer warehouse funding and multi-state licensing. DETAILS: No YSP disclosure Direct bank pricing Flexible commission structure, including 100% Accounting, Licensing, Payroll, Quality Control, Government Reporting and Insurance handled by Corporate Proprietary Calyx Point solution for online loan processing Marketing and [...]