Mortgage Advice
We do not use call centers : discuss your needs directly with a mortgage adviser
On-going Commitment : always available to review your circumstances.
No Obligation : discuss your needs without any obligation.
Whole of Market : our mortgage adviser will search thousands of plans on your behalf.
Edmond Consulting Group will perform all functions related to your licensing project including; Entity formation and qualification Registration of foreign certificates and letters of good standing Surety bond obtainment Preparation, review, and filing of license applications Representation and correspondence with licensing authorities
|
||
|
Licensing Services
|
 |
|
State Licensing
|
|
Ancillary Services
- Consultation
- State certificate of authority filings
- State assumed name filings (DBA's)
- Assistance in appointment of registered agents
State licensing requirements
Selection of appropriate licensing routes
Strategies for growth
Global mortgage banking issues
General corporate and business matters
Considering the Jump From Broker To Banker?
|
If you would like to consider converting from being a broker to a banker, please review the following Company Background and Qualification questions. We will discuss your answers during our free consultation.
- Years in Business
- States operating in
- Company Name
- Number of Owners
- Name of Owners/ Years of Experience in the Mortgage Industry
- Correspondent Investors you sell to
- Volume of Units Closed Monthly
- Average Loan Size
- Type of Products
- Product Mix; Percentage Sub prime vs. Conventional
- Number of Employee’s
- Do you do Accounting Audits?
- Would you be willing to perform Audits in the Future?
- Company Net Worth
- Is there additional Capital Available from owners; as required?
- Has the Company been in any Litigation; past or Present?
- Does the Company carry E&O, Fidelity, or Employment Practice Insurance?
- Are there any credit related issues of the Owners; or Company, which need to be evaluated?
- Number of Branches
- Types of advertising being utilized
- Types of other Advertising you are interested in
- How do you pay your sales force; specially; what Commission Split, Salary, etc…?
- Are you interested in Employee Compensation and Hiring Practices?
- Are you a C- Corporation; or Sub Chapter S?
- Are you a Sole Proprietor?
- Do you market under any DBA?
- Have there been any unfavorable State Reviews; by your State Licensing Authority?
- How would you like to be contacted; Phone Email?
- What services are you looking for?
- How did you here of us?
To contact us, call (803) 394-0824 TODAY.
Broker to Banker Conversions
Our “Mentoring Program” provides the necessary support to facilitate your conversion from mortgage broker to mortgage banker.
Edmond Consulting Group will lead the way and direct you in successfully obtaining mortgage warehouse line(s) of credit, developing internal warehousing policy, procedure and administrator training, establishing mortgage banking investor relationships, updating licenses that may be required, hiring and training mortgage underwriters, closers and post closers, and training the principals of the corporation in the management of the mortgage banking operation.
Mortgage bankers earn more income by taking advantage of marketing enhancements that are not available to mortgage brokers. These marketing enhancements increase front-end fee income, increase back-end premiums, and allow a wider range of delivery options to the end investor.
A mortgage broker is charged fees by the investors that purchase its residential loan originations. These fees vary by investor and examples of these fees include document preparation, underwriting, processing, and other closing fees, etc. These fees can range from $800.00 to $1,400.00 dollars depending on the investor that is used. A mortgage broker gains no income or value from the investor fees as described above.
When operating as a mortgage banker; the investor fees described above to not apply. A mortgage banker can now charge these or other similarly named fees for its own benefit. This marketing enhancement results in an $800.00 to $1,400.00 incremental gain in income per closed loan to mortgage banker.