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How Brokering Works

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Are You in the Process of Running a Mortgage Company in 2010?

SPECIAL REPORT - DOWNLOAD THIS NOW: HOW TO GET A MORTGAGE LICENSE IN 90 DAYS OR LESS

Over the past few months, I have been asked for a central source of information from me - links to my products and my free e-books on the pros and cons of setting up a net branch or licensed mortgage company today in 2010.

At this site, I explain the pros and cons of becoming a net branch vs. going it your own as a licensed company. I also provide links to free e-books from time to time that show you how to operate different aspects of the your mortgage business with an eye for reducing your risk level. Click on the topic below for free informative E-books focussed on operating your mortgage business. I am placing these e-books one at a time. If you have not already signed up to receive one of these free E-books, click on the Free E-book link below and enter your name and email address. You will then be sent an email to confirm your subscription and to receive the free e-book.

 

To learn more about starting your own mortgage company in the next 90 days, download this:

How to Get a Mortgage License in 90 Days or Less

Do you Want to Start a Mortgage Broker or Net Branch Business?

Mortgage Brokers serve a useful purpose in society by assisting consumers with obtaining a mortgage loan to purchase a new home or to achieve some other financial goal.

Get Rich in the Mortgage Broker Loan Industry?

OK, getting rich in the mortgage business is not what it used to be. I will be honest with you, this business is harder today than it was even just 3 years ago. But remember rates are still low and this is still a respectable business to engage in in 2010 and the years to come. Whether you start brokering mortgage loans or working as a net branch, either part time or full time, you can supplement your income or even out earn your current job’s pay with your own Mortgage Broker Loan Business if you know what you’re doing. With our help, learning to succeed in the mortgage broker or net branch business will be more than possible.

How Brokering of Mortgage Loans Works

In the old days, a wise mortgage broker could easily make $7,500 on a $300,000 mortgage loan by charging a $3,000 origination fee (note this is just a 1% fee) plus a 1.5% yield spread premium ($4,500) paid by the lender to whom you are brokering the loan. This has changed quite a bit. Expect to make one to two points per loan on your typical A paper cookie cutter loans.

Achieve Profits

The profits a mortgage broker can still be considerd worthy of remaining or entering into this business! If you can broker just 3-4 loans per month with an average income of $4,500 per loan, you can make $13,500 to $18,000 in just one month.

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Questions about Starting Up Your Business

You have that burning desire to start that new business BUT you just don’t know where to begin. You’ve heard about all the dollars being made in the mortgage loan business but you’re unsure of exactly what steps to take to be successful. Let us help you. Our team has more than twenty years experience with making and brokering mortgage loans in all fifty states across the nation.

To learn more about starting your own mortgage company in the next 90 days, download this:

 

How to Get a Mortgage License in 90 Days or Less

 

 

Sincerely, KJ Block, Mortgage Professional and www.www-becomeamortgagebroker.com

KJ Block is a mortgage professional and attorney at law who has extensive experience in counseling companies in the consumer lending industry regarding compliance with state and federal licensing and consumer protection laws. In recent years, Mr. Block has prepared Training Guides to help lending companies manage the risks involved with traditional, internet, and e-commerce marketing of its financial products.


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