Broker to Banker on the MBSD website

The process of moving from mortgage broker to mortgage banker become overwhelming to those whose day is already jammed with just keeping up with the business at hand. Gathering the information is hard enough, but then following through with all of the agencies, HUD, and regulatory licenses is more than overwhelming. Let’s us share with you an example of the steps included in this process.

If you are a mortgage broker considering making the switch from broker to banker or just starting your first mortgage company, we need to talk! You have nothing to lose as the first couple of calls are free and informative. A successful "broker-to-banker" transition or start-up involves getting connected with the right correspondent lenders and warehouse lines of credit that best fit your business model. This is critical! Not all warehouse lenders and correspondent lending investors are 'created equal'. All of them are good at what they do, but not all of them are good fit for you. Even after determining which lenders and investors are right for you, there is still a tedious application process with each lender/investor you will have to go through. You get one shot at this process and it needs to be done right. As the saying goes, "There is never a second chance to make a good first impression."
MBSD brings over 33 years of experience in mortgage banking operations to the table to assist our clients in making that transition. Each Senior Consultant has owned and operated his/her own mortgage company and in some cases a number of them. As consultants, we have helped hundreds of companies to make this move and have developed close relationships with many lenders and investors along the way. MBSD, LLC not only brings our extensive knowledge base to the table but our countless industry contacts as well to help our clients along the process. Our services range from merely advising you through the process (we call this our "Advisory Service" approach), to rolling up our sleeves and taking on some of the tasks involved with the process (we call this our "Collaborative Service" approach), and then there is our "Bank-in-a-Box" approach which involves us building you an entire mortgage banking operation and teaching you how to run it.

The following are a brief overview of the steps we will assist you with along the way:

• Analyzing how your company has been run, then listening to what your vision for the future is (and offering advice if you request it) and then helping you map out and implement a plan of action.
  
• Securing mortgage broker licensing in the states you wish to do business.
  
• Securing the required insurance coverage (E&O, Fidelity, Etc...)
  
• Securing a Warehouse Lines and Correspondent lending Investor relationships.
  
• Teaching MBSD clients how to maximize profits and avoid costly pitfalls that can happen when starting out in mortgage banking.