When you first start to work with them you may not agree that Provident Funding is a mortgage brokers best friend, but after you learn the ropes of working with them, the fact that you cannot be beat in pricing and you can still make a reasonable profit on your loans you will agree with me.
I want to use activerain and this blog post specifically as a platform to find other brokers who have a good relationship with Provident Funding, because if they do, then I know that we have a similar business model. I can then confidently refer my clients to out of state brokers where I am not licensed and build up a network of referral partnerships that will benefit the independent broker network.
Relocations are one of the most common purchase transactions right now because the company will eat the loss on the sale of the employees home sale. If you are a mortgage broker and your client calls you to ask if you can do their loan in the state they are moving to. Let them know that while you can't profit on the loan you can assist them in finding a like minded broker licensed in that state who can take care of their new loan.
If you are a quality mortgage broker, please respond to this post as I will be checking back on it over time when I find clients who are moving to other states.
NMLS #204400
Utah Licensed Mortgage Lender
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