by Brian Mahany For those not in the mortgage industry, a “net branch” is a branch office of a mortgage company. The branch usually keeps all the income from loans originated within the branch, less the lender’s administrative or overhead fees. Many mortgage industry professionals like them because it allows folks to quickly open a […]
Net Branches – Recipe for Mortgage Fraud
by Brian Mahany Mortgage net branches – they are everywhere. If set up properly they help people get into the mortgage business with low start up costs. The benefits include access to a national network, more products and more lending lines. Customers get better rates while independents can enter the business without millions in start […]