START A MORTGAGE COMPANY
This is NOT a net branch. You own it.
We help Loan Officers, Branch Managers and Regional Managers start their own Mortgage Companies. We can help you create a Turnkey Mortgage Company that is licensed in up to 10 states.
If you have $100 Million per year in Loan Production and $1,000,000 in cash, you are ready to become a Mortgage Lender.
Become a Lender. NOT a Broker.
(View a Sample Business Plan) (View a Sample P & L)
WHAT WE DO FOR YOU
Just about everything. You stay at your current job and continue to earn money. In 9-12 months, you will have a fully operational Mortgage Company with senior management in place that just needs production added.
Below is a partial list of what we will do for you.
Setup
Name Registration.
Obtain EIN Number.
Register Name for website.
Create website.
Register Company with required regulatory authorities.
Create Operating Agreement.
Create and Setup a Dropbox account.
Add All Financial documents to Dropbox.
Organize document repository for all Wholesale lenders, Warehouse Lenders, Bankers, Regulatory Agencies, Venders, etc.
Compliance
Create NMLS account.
Apply for state Licenses.
Setup and Create Compliance Policies and Procedures.
Secondary Marketing
Apply for approval with Wholesale Lenders.
Apply for approval with Warehouse Lenders.
Apply for approvals with MI companies.
Setup and Create policies and procedures for Post closing.
Setup Pricing Engine.
Setup Hedging Program.
Operations
Setup and Create policies and procedures for Processing, underwriting and closing.
Setup and Install LOS (Encompass).
Setup and Install Credit Bureau.
Setup and Install Appraisal Management system.
Setup and Install Verification for Employment, Assets and Rent.
Setup and Install CRM.
Accounting/ HR
Setup Payroll.
Setup 401k Plan.
Setup Health care Plan.
Setup Life Insurance Plan.
Setup Workers Comp Plan.
Setup Disability Insurance.
Ready to start your own Mortgage Company?
Contact us now at:
Gary.Freedman@MilestoneMergers.com or 703-501-0500.