Tom’s Franchise Information Blog

In order to properly answer that question, we should first have a clear understanding of what a mortgage net branch is. A mortgage net branch is basically a franchise of a larger, usually nationwide mortgage broker or banker, that allows small independent mortgage brokers to become an affiliate branch in exchange of monthly recurring fees. These fees can be a fixed monthly fee or it can be a per loan fee which is deducted from any loan proceeds generated by the affiliate net branch.

The affiliated net branch will operate under the name of the larger corporation as long as the smaller branch follows the policies and procedures set forth by the parent corporation. The affiliate will then have the ability of originating and closing loans in all the states that the parent company is licensed to do business in. They will also enjoy better pricing and service because of the established relationships with the lenders that the parent corporation has in place. Accounting, compliance, HR and other day-to-day essentials are often covered by the parent company which gives the net branch affiliate more time to originate loans.

As an affiliate you will still have complete control to open your own office, hire your own loan officers, and run your business as desired as long as practices fall within the rules and regulations set forth by the parent company. A net branch manager will often find it easier to hire quality loan officers as many parent corporations offer benefits like health insurance and since many operations are banks, YSP does not have to be disclosed, resulting in more money for loan officers.

Of course, there are several things you should consider before deciding to open a mortgage net branch. For one, most net branches do not provide leads, so unless you have your own marketing plan, this could be a big challenge. Secondly, you may need to hire someone to process your loans and this expense could increase to such an extent as to offset the increased gross profits per file. And last but not least, you must dedicate many hours to researching the right opportunity and making sure that all your questions are answered to your satisfaction and in a timely manner. And don’t forget, get everything in writing.

If you would like more information and would like a list of available opportunities, please visit http://www.NetBranch999.com

My name is Javier Garcia Jr and I have been researching the mortgage net branch opportunity market for the last two years while having spent over 4 years originating loans and running my own net branch. Please visit http://www.NetBranch999.com for the latest information on opening a net branch and having the ability to originate loans nationwide while earning 100% commission.