Net Branch Mortgage California Offices Now Being Offered by Top Mortgage Bankers
(PR Web Via Acquire Media NewsEdge) (PRWEB) August 25, 2013
Mortgage consulting firm AnikimCreditCorp.com launches new marketing campaign to locate and recruit the top mortgage professionals in California. The company already is working with several mortgage bankers and brokers in the state and is responsible for setting up numerous locations. The consulting firm has recently signed a new deal to find new prospects for their mortgage banking partners. The new laws stemming from the Dodd-Frank Act will fundamentally change every aspect of the mortgage industry. Many of these reforms are underway now and will carry the reform process into 2014. The Dodd-Frank Act contains a number of discrete provisions addressing points and fees paid by consumers in connection with mortgages. Section 1412 of the Dodd-Frank Act adds new criteria for a “qualified mortgage” as to which there is a presumption of compliance with the new ability-to-repay rules prescribed in accordance with TILA, as added by section 1411 of the Dodd-Frank Act. Under new TILA criteria for a qualified mortgage is that the total “points and fees” paid do not exceed 3 percent of the loan amount. In making this calculation, up to two “bona fide discount points” may be excluded from the 3 percent threshold.
Some of these new laws along with the capital requirements are reasons the small brokers want to “partner” with a large mortgage banker. The term net branch really is not allowed by the new banking laws, the new mortgage branch opportunities are brokers and loan officers that transition as an employee of the direct lender. There are many benefits of doing so, the most important is the compliance issues. A quality licenses NMLS loan officer or broker can focus on origination, instead of all the back-end processing and underwriting that is needed. Also many lenders offer mortgage leads to assist the branches to become successful. Between the compliance and the marketing, this helps mortgage professionals work on production and not the day to day operations of running a mortgage bank. To find out about a net branch California opportunity available in a particular city, visit the webpage, http://anikimcreditcorp.com/.
The mortgage loan consultants work with these mortgage bankers open new branch locations in California. The company makes sure that only the best mortgage loan officers are recruited for the new locations. Many mortgage bankers are also looking for VLO’s, or virtual loan officers to work from home or out in the field. The consultant recruits most of the candidates online by using the best SEO professional to help rank for multiple mortgage related key phrases. The company also uses Social media, video campaigns, and mortgage banking forums to assist the company to help with acquiring new clients. The consulting firm is actively looking for those looking for mortgage net branch opportunities everywhere in the county to partner them with one the firm’s direct lenders. The company continues its expansion online and throughout the mortgage community looking for qualified candidates. To learn more about the firm, or the services they provide, contact the company directly and speak with an acquisition executive. Interested parties can also visit one of the company’s Facebook pages.
About the company: AnikimCreditCorp.com was started after the mortgage crisis to help struggling loan officers and net branches find mortgage banks that were able to sustain through the tough times. Since then the company has built relationships with banks and brokers throughout the county and helps place mortgage loan officers with job and branch opportunities. The company also helps connect some of their banker clients with a scratch and dent residential mortgage loan outlet to help clear warehouse lines.
Contact: Mason Baxter
Read the full story at http://www.prweb.com/releases/net-branch-California/mortgage-companies/prweb11059314.htm
(c) 2013 PRWEB.COM Newswire
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