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.
Set up 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.
Set up and create policies and procedures for post closing.
Set up pricing engine.
Set up hedging program.
Operations
Set up and create policies and procedures for processing, underwriting and closing.
Set up and install LOS (Encompass).
Set up and install credit bureau.
Set up and install appraisal management system.
Set up and install verification for employment, assets and rent.
Set up and install CRM.
Accounting/ HR
Set up payroll.
Set up 401k plan.
Set up healthcare plan.
Set up life insurance plan.
Set up workers comp. plan.
Set up disability insurance.
Ready to start your own mortgage company?
Contact us now at:
Gary.Freedman@MilestoneMergers.com or 703-501-0500.