Of State Loans As Well As Florida Loans.
Q: I'm a licensed mortgage broker in Florida and I'm looking to originate out of state loans as well as Florida loans. I'm also looking to work from my home office. Is anyone aware of a company out there that meets the following criteria: 100% commission with very reasonable per-loan fees Close to 100% commission with no or small fees Licensed in all/most states (important) Does business with major lenders No sign-on fees to start up
A: We are a Mortgage Banker in California that is licensed in multiple states, Florida being one of them. Are you interested in being a retail loan officer? We have an in-house retail division that offers 90% commission, which you may not be able to be until we develop our Remote Retail Loan Officer program. One option you have is to become a branch office, in which you would keep 100% of your commissions, and not have to disclose your YSP, which, i assume, is what you are after. We are currently licensed in at least 30 of the 50 states and quickly adding more. We do business with over 20 investors currently. Do you primarily do A paper, Alt-A, or SubPrime business?
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