Will I receive a certificate??? Mortgage Broker

reiclubike · October 28, 2005, 4:56pm

I worked as a loan officer at a local bank in 2000-2001.
I moved to Tennessee for grad school and worked as a loan officer in 2001-2002.

I moved back to my home town and started my own internet company and got my real estate license.

I bought a commercial building this month and want to start a mortgage company. Will the state (Ohio) allow me to be the operations manager or will I need to hire one???

Can I buy into an established company and start a seperate branch using that company’s MB#???

My building will be remodelled and ready to go as of November 15th… I have access to over 230 realtors that will do business with me on a regular basis…

Any and all advice will help a great deal. Thank you in advance.

4EEM1 · October 28, 2005, 8:58pm

Have you thought about just working as an LO, but with a high split? 90%+ ?

ShaunG · October 29, 2005, 4:15pm

You will need 3 yrs of experience in mortgage.

Just curious, where in Ohio are you?

reiclubike · October 29, 2005, 4:32pm

Cleveland area

Mdhaas1 · October 31, 2005, 2:25pm

If you do some research there are numerous netbranch opportunities in the Mortgage business.

Are you planning on concentrating in the Cleveland Market?

reiclubike · October 31, 2005, 9:16pm

Yes, I plan on working only in the cleveland area. Ive researched the net branch opportunities. The information they give is limited. What is the process to get started as a net branch?