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Mortgage Net Branch California
Can I Operate a "Virtual" Mortgage Net Branch in California?
That depends on the State in which you are operating. In California, you must have a physical location (sometimes referred to as a "brick and mortar" location.)
When you think about it, though, having office space or a building that people can actually come to gives you a better advantage. To begin with, your business is visible to foot and motor traffic. And, just as with any business, this can sometimes generate "walk-in" traffic.
Another advantage to operating a physical mortgage net branch in CA is that some people tend to be very cautious when dealing with online entities, and for good reason. If a person cannot physically see who is being dealt with, how does that person know this is a legitimate enterprise? Even though web pages can give information on managers and employees, some people still prefer face-to-face interaction.
If you are considering operating a mortgage net branch in California, but are concerned that renting or leasing office space or a building as well as covering operating costs will diminish your profits, don't be. Part of being a CA mortgage net branch means that you are actually considered an employee of a larger mortgage company, and as a result that company has certain responsibilities to your business, even when you are in a different physical location than the "home office" itself.
Speaking of office space, many buildings are designed to allow for several businesses to operate out of one location. The company that manages these buildings are always looking for "tenants". A California mortgage net branch may be considered a good leasing opportunity.