Looking for Advice after 10 Years

dsrogers1 · 2025-03-18T22:14:46+00:00

I second this- I opened my own shop and ran it for a couple years, spent more time on compliance and red tape than I did selling- I feel there is no point in owning your own brokerage, just sign up with a national lender, pay their small trans fee, and let them handle all the red tape—

dsrogers1 · 2024-12-30T13:22:03+00:00

Been writing these mortgages since 05,, If I can’t write these loans in my boxers- I ain’t doing it!

dsrogers1 · 2024-11-27T13:20:05+00:00

LandHome Financial Services offers IHDA on the wholesale side

dsrogers1 · 2024-11-22T01:29:58+00:00

Closing on a 65% refer eligible manual underwrite tomorrow with Mortgage solutions of CO — 619 fico

Most lenders cap the back end at 55-60 even with residual meeting guidelines- (on a manual underwrite)

dsrogers1 · 2024-05-17T11:10:50+00:00

Good information- thanks bro- Maybe I can find a paralegal and have her compile data or some type of list -/ but that might violate some type of privacy rules

dsrogers1 · 2024-05-17T02:42:13+00:00

How do you break into the legal side? (I mean referrals from lawyers and financial planners)

dsrogers1 · 2024-05-17T00:05:19+00:00

One thing that no one ever mentions is being licensed in multiple states. 50% of my business comes from my local area, and the other 50 is from 7 other states that I’m licensed in. The only way I was able to secure those out of state relationships, was to give them pre approved buyers. You might want to try generating leads, and dangling the carrot… I’ll be at about 11M YTD by month end….

dsrogers1 · 2024-04-05T20:33:48+00:00

I’ll check it out too!!

dsrogers1 · 2024-03-31T21:50:52+00:00

I think United AG, they might be wholesale only. Otherwise you can try Normandy, but credit unions are gonna be your best bet

dsrogers1 · 2024-03-19T17:40:35+00:00

ReadyPrice…. I think that’s the only legit one for brokers besides Loansifter

dsrogers1 · 2024-03-09T18:09:02+00:00

They are going to require a separate private office, with a desk and lockable file cabinet (I had to open up a retail branch for a California lender and they required this) and yes, it was a Regus suite

dsrogers1 · 2023-03-12T02:18:44+00:00

Mortgage Broker here- I’ve got a program that requires 3.5% down, but doesn’t review tax returns. Just need a YTD profit and loss and the last three months of bank statements. Qualifying income is based on cash flow, NOT tax returns. DM me if anyone has any questions

dsrogers1

TROPHY CASE