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net branch » Opportunity » Wyoming

Mortgage Net Branch Wyoming

Wyoming makes it very easy to work as a mortgage net branch operation.

Frankly, Wyoming probably has some of the fewest requirements for obtaining your mortgage broker license as any other state. Not only is the state fee very reasonable—it's only $500 (as of this writing), but you are not required to report your net worth, and your surety bond only has to be for $25,000.

Best of all, the operation of a mortgage net branch in Wyoming is allowed. This means that if a larger loan company offers you the opportunity to open a net branch in this state, you can accept the job, if you wish.

If you are considering approaching a Wyoming mortgage company and determining if there is interest in the company letting you operate a WY net branch, you can do this, too. Depending on the larger company's decision, this could be a lucrative opportunity for you and the company.

When you are negotiating with the larger loan company, you can mention how easy Wyoming made it for you to obtain your mortgage broker's license. (Having gotten your license in advance will also work to your advantage.) When the company realizes how serious you are, they may be inclined to take a chance on you with a net branch in WY.

You won't know until you try. So, look for mortgage net branch opportunities in Wisconsin, or do your research, gather all your information, and approach an existing mortgage company with the idea. You may find yourself operating a net branch. If this opportunity does occur, show everyone how successful you can be, and make them proud that they took a chance on you.


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