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THE BRANCH PARTNER –“The Ultimate in Mortgage
Banking”
The Turnkey Concept….
The Branch Partner operates entirely under 1st 2nd Mortgage
Co.’s licenses and lender agreements. The beauty behind
this concept is the Branch’s ability to have an immediate
impact in their marketing area. Since 1st 2nd Mortgage Co.
is an established mortgage banker with a major industry presence,
the Branch can begin originating loans without delay.
Independence and Profit…..
The Branch Partner is a financial arrangement between
1st 2nd Mortgage Co. and the Partner. Under this structure,
the Branch Partner runs his/her own shop. He/she owns all
of the equipment and furniture at his/her branch, is responsible
for obtaining and signing any leases, paying for supplies,
hiring staff, and generally managing the branch under 1st
2nd Mortgage guidelines. By taking an these types of responsibilities,
1st 2nd Mortgage Co. is there to support you is a variety
of ways.
First, because the Branch pays the operating expenses,
it is entitled to receive the majority percentage of the gross
income from each loan. This gross income includes tier-one
pricing, yield-spread premiums, and servicing release premiums.
Second, as a partner, you will receive correspondent pricing
plus participate in 1st 2nd Mortgage Co.’s negotiated
volume incentive bonus. Third, 1st 2nd Mortgage Co. can assist
you in your back office expenses by absorbing centralized
administrative functions. This will allow you to reduce your
monthly expenses by more than 50%.
Who Can Take Advantage of this Partnership…..
The Branch Partnership was developed to provide the experienced
loan originator entrepreneur, growing mortgage brokerage,
or seasoned real estate professional with a point of sale
marketing operation. Review the enclosed material, complete
the NewBranch Application/Company Profile and send it to 1st
2nd Mortgage Co. of N.J., Inc., 50 Spring Street, Cresskill,
NJ 07626, Attn: Andy Pada/Branch Division. We will process
the application paying particular attention to references.
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