| • |
You need at least two years
of mortgage industry experience in originating residential
mortgages. |
| • |
You must be properly licensed, or otherwise
authorized to "originate" residential mortgages
in each of the jurisdictions in which you do business. |
| • |
You must submit the following financial
statements for review:
1) Fiscal year end balance sheet
showing a positive current net worth and
2) the most recent 12-month fiscal year end profit and
loss statement.
|
| • |
We require favorable references from
at least three industry sources (wholesalers, investors,
mortgage insurance companies, title companies, or banks). |
| • |
We will order a Dunn and Bradstreet
report, which must be clear before you become part of
our Approved Mortgage Broker Program. If we do not receive
a clear report, we will require a credit report for each
majority owner. |
| • |
We will also order a MARI fraud report which must be satisfactory. |
Mortgage Broker Program
