Debt Consolidation

Custom Search

Debt Consolidation
Debt Relief
Real Estate Mortgage
Comparing Home Equity
Online Mortgage Refinance
Debt-to-Income Ratio --
Mobile Home Mortgage
How do You
Mortgage Insurance
Interest Only Mortgage
Understanding Reverse Mortgage
Understanding Mortgage Interest
Mortgage Refinancing
Mortgage Quotes
Home Mortgage Makes
Down Payments -
Home Loan Basics
Picking A Home
Adjustable Rate Mortgages
How To Find
Second Mortgage Sub
Finding the Lowest
Low Interest Rate
2nd Mortgage Loan
Know Before You
Refinancing and Current
Can I Get
Reviewing Your Closing
Learn What Refinance
Good Mortgage Broker
Let Your Lender
Home Mortgage Refinance
Understanding Second Mortgages
What to Know
Cheap Home Loans
Reverse Mortgage -
With Banks, Credit
Debt Consolidation
Debt Relief
Net Branch Substitutes: Mortgage Brokers Can Easily Do Business In Other States
by Ken Adler
Mortgage brokers traditionally have specialized in doing business locally. The reasons for this are simple: most home loans were generated face-to-face. In more recent times, large mortgage companies had used the telephone and the internet as a

Mortgage brokers traditionally have specialized in doing business locally. The reasons for this are simple: most home loans were generated face-to-face. In more recent times, large mortgage companies had used the telephone and the internet as a way to expand beyond their localities and compete on a national level. While many of these companies have found great success, the smaller mortgage companies have been forced to compete with competition from foreign states.

Net branches arose as a solution to this problem. A net branch allows a mortgage professional to essentially open a franchised office of a larger company. This larger company usually lends nationally, or at the very least lends in multiple states. Licensing requirements vary from state to state, generally costs from several hundred to several thousands of dollars, and often has educational requirements that must be met before the license is issued. By joining a net branch, the small broker is able to compete more effectively on a national level.

The problem with net branches is that they often require the broker to surrender his/her license and assume a completely new identity. This might be fine for someone just starting in the industry, but the veteran broker who has spent years developing his companys brand usually is not willing to change to another brand so easily. Fortunately there are now mortgage net branch opportunities that do not require complete submission to the new format. The reason: they are not actually mortgage net branches, but rather, net branch substitutes.

Most of these companies are nationally chartered banks or trust companies that operate almost as a co-broker. The broker uses their own license and identify for their domiciled state, but uses the mortgage net branch alternative when going beyond their own states borders. The broker usually has access to many states and a multitude of lenders while allowing a different company to handle all of the licensing requirements.

Generally, the clients of these out-of-state mortgage brokers do not seem to mind if the brokers arent local. Their primary concern comes down to the basics: they want the best rates at the lowest costs. The brokers themselves can further develop these long distance relationships by using follow-up marketing such as postcards, mortgage newsletters, gift baskets, and holiday cards.

Ken Adler has been a California mortgage broker for over 10 years. He is also the owner of, a net branch alternative that helps currently licensed mortgage brokers easily do business in other states. He is also the owner of, a monthly turnkey client relations mortgage newsletter that mortgage brokers can use to keep in touch with their clients both locally and nationally.

The site is not responsible for any content in it. E-mail: alldir[at]gmx[dot]com
debt consolidation, home loan, mortgage, debt free, debt help, refinance, equity loan, unsecured, secured debt, bankruptcy, credit card , bad credit, payday, cash advance, cash settlement, line of credit, student loan, interest rate, borrow money, car loan, adverse credit, compensation, quote, credit score, consolidate debt Blue Mound Balance of Rockingham County Castle Rock town Seaford Adams township Sunrise Beach village Greene township Sandy Creek village Moose Creek township Osage County Blissville township Luxemburg village Cokato Lone Rock village Lorimor Balance of Arcadia township Balance of Meade Center township Waterford township Troy city (pt.) Monmouth Alexandria town Russell township Forest River Warren Park town Havana Minneiska city (pt.) Sisseton Coffey Surrey Dublin township USA UK Australia Canada Slovenia Liberia Haiti Saint Barthelemy Peter I Island Trinidad and Tobago Romania Queen Maud Land British Indian Ocean Territory Zambia Stirlingshire Cornwall Down Fermanagh Derbyshire Armagh Buckinghamshire Anglesey Cheshire Merioneth New Hampshire (NH) Mississippi (MS) North Dakota (ND) Maryland (MD) Idaho (ID) American Samoa (AS) Arizona (AZ) New Mexico (NM) Mississippi (MS) North Carolina (NC) Marshall Islands (MH) Puerto Rico (PR) Virginia (VA) Nebraska (NE) Connecticut (CT) South Dakota (SD) New York (NY) Idaho (ID) Virgin Islands (VI)