Mortgage Net Branch Consultants
Stop Dreaming It;
Start Living It!
Are You Ready To Take The Net Branch Challenge?
Keep YOUR profit. Multiple Programs Including:
100% Commissioned Opportunities!
Flat File Fee Programs!
Monthly Branch Fee Programs!
Company net Flat File Fee
Mortgage
Net Branch  |  About Us  |  Contact
Broker 
100% Commission Branch Monthly Branch Fee
Company Net Flat File Fee
Mortgage    
net branch
what is a net branch
net branch opportunities
bank net branch
net branch for mortgage brokers
mortgage net branch company
FAQ about net branches
virtual loan officer jobs
Mortgage Company Professionals Working Together
Broker 
100% Commission Branch Monthly Branch Fee

alabama alaska california colorado florida minnesota montana indiana louisiana maryland mississippi missouri new mexico north carolina north dakota kentucky pennsylvania south carolina south dakota tennessee texas arizona arkansas connecticut delaware georgia hawaii idaho illinois iowa kansas maine massachusetts michigan nebraska nevada new hampshire new jersey new york ohio oklahoma oregon rhode island utah vermont virginia washington west virginia wisconsin wyoming

net branch » Opportunity » Oklahoma

Mortgage Net Branch Oklahoma

Oklahoma makes it very easy to obtain a mortgage broker or a supervised lender license making it pretty easy to open a mortgage net branch in OK.

As a matter of fact, many states make it relatively easy to meet the qualifications for becoming a licensed mortgage broker or a licensed supervised lender and Oklahoma is one of them. That state makes the process both simple and inexpensive.

In order to apply for a mortgage broker license in Oklahoma, you must (as of this article):

  • Pay a $350 State application fee.
  • Have three years experience in the mortgage industry.

Oklahoma also allows you to apply for a license to operate as a supervised lender, if your company supplies first or second mortgages or if your company's loan rates exceed 13%. If they do, then you're well on the way.
Here are the other requirements for applying for a supervised lender's license(as of this writing):

  • Pay a $350 State application fee.
  • Have a net worth of $25,000.
  • Post a $5,000 surety bond.

Having either or both of these licenses means you can open a mortgage net branch in Oklahoma. However, if you want your OK net branch to be able to handle Federal Housing Authority (FHA) mortgage loans, you will need to check FHA regulations to see if you are allowed to hold either a mortgage broker and a supervised lender license to originate the FHA loan product.

You cannot be a loan officer and work in real estate at the same time if you wish to handle FHA loans and this may apply to holding a broker's and a supervised lender's license or operating a mortgage net branch in Oklahoma.

If you do discover that you can't hold both licenses or have an Oklahoma net branch and still handle FHA loans, you will have to decide which direction to go. Ff you don't mind that your mortgage net branch in OK won't be able to handle FHA loans, you're all set.

 

ABOUT US | CONTACT | LEGAL | PRIVACY | FAIR HOUSING | SITE MAP
Copyright 2006 - 2012 All Rights Reserved