Our Broker-to-Banker Warehouse line is the “helping hand” that helps many brokers make the transition from Broker to Banker. They have reached the critical mass of in-house talent and experience, now they just need the tools and training to make the transition. With the Broker-to-Banker Warehouse line, newly minted Mortgage Bankers have complete control of their loan production and funding. Complete training is provided along with how to properly sell to the secondary markets for maximum profitability. No net worth requirements for approval. Most Broker to Banker applicants qualify without any Net Worth requirements (state licensing net worth requirements apply). New companies are encouraged to apply, as approvals are dependant upon the strength of the management and the operations plan, not the net worth. This provides a greater number of mortgage brokers and small bankers the opportunity to be included in a direct channel to the secondary markets.
There is an application fee of $1,000; half is due at time of application and remainder is due at approval.
