Net Branch Definition


A mortgage net branch is a department within a large lender hiring loan originators with at least one year of experience to originate loans for that lender. Usually, a net branch will gain all the income from the originated loans less the lender administrative fee.

Becoming a net branch for a large lender saves you licensing fees and practice requirements for the state. As a net branch, you will be using the name, licensing and credentials of a company and could later become an independent mortgage entity.

Lenders require certain loan originating experience from net branch operators. Net branch partners who can generate their own leads generally make the most of this opportunity, although some lenders may in fact provide training and mortgage leads to net branch partners.

Be careful with net branching. Some states do not allow it, or there are a lot of restrictions and requirements to overcome before you start to practice as a net branch operator for a renowned lender.

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