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Mortgage Net Branch Louisiana
Working with Lenders in your Louisiana Mortgage Net Branch
If you have already been operating your own mortgage company and have decided to enter into a LA mortgage net branch agreement with a larger mortgage company, don't be surprised if the one you are negotiating with asks to see a list of those lenders with whom you are doing business or have done business in the past. This doesn't mean you will have to stop doing business with them, though.
What it does mean is that if the mortgage company that will be considered as your "employer" once you enter into the agreement sees that you have had to cut ties with some lenders because there were problems with consistency in performance that company will most likely give you a list of other lenders to replace the ones you "dropped". This is a good thing, as it allows you access to other lending agencies.
As a Louisiana net branch, your "home office" will most likely check out the ones with whom you have a good performance consistency with, just to see what they have to offer and to see if there will be any problems with your continuing to do business with them. If you have enjoyed a good business relationship with them in the past, chances are it will continue.
This is actually a good thing about operating a net branch. You are still basically "in control" of your mortgage net branch in Louisiana, but you have benefits and advantages that you may not have had when you were operating as an individual business.
So, don't worry about "losing control." In fact, you may find that you have even more control since you will be mainly dealing with loan originations.