Welcome to Broker2Banker

Make Your Move to the Next Level

As a mortgage broker, you’re closing $1 million or more in loans a month…but are you selling yourself short in the process?  As an existing mortgage banker is your overhead  too high and your profitability down?

By partnering with Broker2Banker you can:

• Increase revenue and profitability
• Eliminate the  disclosure of YSP
• Diversify your services
• Add credibility to your business
• Close loans in your name
• Drastically reduce your costs and risk
• Significantly enhance your profitability

The Broker2Banker team has more than 8 years experience in helping you make the successful transition to mortgage banking – without the frustration and financial risks that you’d experience trying to set up your own mortgage lending arm.  Broker2Banker  assits you with all the tools you need, from your virtual “back room staff” to the software programs that enable you to manage the day-to-day process. 

 Learn more about our services.

 

About Broker2Banker

Mortgage Banking Made Simple

The Broker2Banker partnership of President/CEO Jeff Hemm and executive VP Douglas M. Denton, Jr. began in 2001, as a response to changes in the mortgage industry environment and the advent of restrictive mortgage broker legislation, even more timely today.  They have created a more efficient way for the emerging mortgage bankerto earn more money, while keeping costs down, minimizing staff, streamlining the processes.

Frequently Asked Questions

What is the Broker2Banker program for emerging Mortgage Bankers?

These tools include warehouse line set-up an warehouse line management provided on an ongoing basis. Broker2Banker will also provide on a contract basis, the staff for all the back office functions, including but not limited to underwriting, loan documentation, funding, closing, post closing, vendor management, lender coordination and an online tracking program. Broker2Banker performs all of these services in the name of its clients on a private-label.

What does Broker2Banker require to be apart of the Mortgage Banker Program?

The only requirements associated with our Broker2Banker program are:

• You must be licensed or eligible to be licensed as a correspondent lender or mortgage banker in each jurisdiction in which you will be originating loans. If you are not licensed, Broker2Banker will be able assist you.
• You need to meet any criteria established by investors to whom you have selected to sell loans.
• You must currently be closing a minimum of ten (10) loans per month.
• You must have access to the Internet – preferably broadband access capabilities or greater.

How quickly can I become an approved Mortgage Banker through Broker2Banker?

The approval process generally occurs within 60-120 days. Additionally, the technology set-up and back office implementation process may take 30-60 days. The duration of this set up time will vary depending on the guidelines of the warehouse lender,investors and products for which you will write loans.

How do I apply to become a Mortgage Banker through Broker2Banker?

Click here to get started. We will contact you within 72 hours.

Is Broker2Banker a net branch operation?

No! As a part of the Broker2Banker program, you operate as an independent mortgage banker and control all aspects of your operation, subject to warehouse lender and investor guidelines and requirements. You will use Broker2Banker’s fulfillment services to underwrite, draw documents, fund, close and post-close loans. 

Is Broker2Banker a “captive” program that requires that I sell my loans to a single investor?

No! As an approved correspondent lender, you may sell loans to any eligible investor. Broker2Banker does not compete in the primary market because we do not originate loans. Nor do we compete with your secondary market investors because we do not portfolio loans.

How does Broker2Banker lower the risk of becoming a banker?

Broker2Banker provides a seamless and automated process that is integrated with vendors and document preparation firms, resulting in higher quality loan files, an automated tracking system for all loan documents. Managers have access to electronic files to check on the status of all loans on a real time basis.

Do I still have any risk if I become a Broker2Banker Banker?

Yes. You will face the same risk that you are subject to as a Mortgage Banker, i.e., representations and warrants, loan buybacks, fraud, rate locks, change in loan programs and pricing, E&O insurance and fidelity bonds. By having Broker2Banker perform your back office functions, these risks will be minimized because of the experience we have gained providing these services to clients over the years.

What services can Broker2Banker provide?

Broker2Banker is capable of providing a start to finish turnkey solution from loan origination right through post-closing. All mortgage bankers in the Broker2Banker program will enter the process at the application stage when the loan package has been prepared for underwriting. Broker2Banker will then underwrite, document, close, fund and post-close the loan.

What costs are associated with Broker2Banker?

Broker2Banker charges a set-up fee that is based on the services selected, one of our representatives will be more than willing to discuss charges with you .