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net branch » Opportunity » Hawaii

Mortgage Net Branch Hawaii

Hawaii

Are you considering opening and operating a mortgage net branch in Hawaii?

While net branch operations differ from state to state, here are some general guidelines for getting started:

  • Do your homework.

Find out exactly what state and federal requirements you must meet, as well as local ordinances, in order to open and operate a mortgage net branch in Hawaii. You can go online and research this or ask larger mortgage companies who provide net branch opportunities in HI what is required.

  • Find a mortgage company that is offering Hawaii net branch opportunities.

You can find larger mortgage companies that offer these opportunities by searching financial resources for advertisements or announcements or by approaching larger mortgage companies and asking them if they are interested in entering into a HI net branch opportunity (sometimes called an branch affiliation or branch partnership) with you.

  • Do some "comparison shopping."

Once you have found mortgage companies that provide mortgage net branch opportunities in Hawaii, you need to find out all you can about them. After all, you will actually be working for the company you choose, even if you will be in a different location, and you want to learn all you can about your prospective "employer".

  • Enter into an agreement with the company you choose.

You must have the "backing" of a larger mortgage company; this is how mortgage net branches work. They are considered part of the mortgage company, not a separate entity.

If you are told that you can open your own "branch" and call yourself a mortgage net branch without being affiliated with a larger mortgage company, then you are being given false information. You must have a connection with a larger mortgage company in order to operate a net branch and you must be properly licensed.

 

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