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 available

Open Mortgage’s Net Branch Website.

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, Shipping, and Secondary Marketing
• Web-based LOS and Calyx Point
• Medical and 401(k) available
• Sales and Marketing assistance available

Benchmark Mortgage’s Net Branch Website.

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 websites

No website currently available for this mortgage net branch company. Please let us know if you know their website URL.

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 leads developed through Corporate

Sun Valley Mortgage’s Website.

1st Metropolitan Mortgage says they offer “Metrobranching”, which is somehow different than net branching. 1st Metro claims a branch support system that is readily available to any branch partner for answers to any sort of question that may come up during the course of managing a net branch.

DETAILS:

• A licensing and compliance department is available, which can help with state licensing and renewals, compliance and regulatory issues, and audits.
• A marketing support department provides professionally designed marketing materials with 24 hour customization support.
• A broad product line is available, including FHA and VA.
• Benefits available include PPO Health, Dental, Life, and 401(k). Other HR help includes a confidential employee hotline and review templates for managers to use with subordinates.

1st Metropolitan Mortgage’s Website.

Southern Star Mortgage is a net branch company based in East Meadow, New York. It claims 100 branches in 27 states, with the ability to broker loans, bank loans, or fund loans in-house.

DETAILS:

• 100% payout with direct pricing, including YSP.
• Medical and Dental coverage with 401(k) available
• Nationwide closing ability
• Over 250 lenders
• Non-disclosure of YSP on in-house funded loans
• Accounting information available online
• Leads developed by corporate advertising campaigns

Southern Star Mortgage’s Website.