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Mortgage Net Branch Nebraska
Can I operate a mortgage net branch and handle FHA loans in Nebraska?
No, you can't, not in Nebraska or any other state for that matter. If you are going to open and operate a net branch, you cannot expect to be able to originate FHA mortgages.
However, the advantages to opening and operating a mortgage net branch in Nebraska are such that you may still want to consider it, even if it means foregoing handling FHA mortgages. These advantages include:
- Still basically being your own boss.
When you operate a NE mortgage net branch, you are technically considered as an employee, affiliate, or partner with a larger mortgage company, but you're usually going to be located in a separate place. This means you will still have autonomy, but will work hand in hand with your larger affiliate.
The "home office", however, will most likely allow you a good deal of flexibility in operating the net branch in Nebraska, just as long as you follow their principles and guidelines. You'll still have decision-making powers, and will be able to use your talents and contacts to help grow both your net branch business and increase business for your "home office".
- Being eligible for benefits.
Because you do work for a larger mortgage company, you may be eligible for some of the same benefits, such as health or dental insurance, paid vacations, and other things as the other employees are. You may have a waiting period before you are eligible, but once it is passed, you can enroll or pick up these benefits. This can provide you with peace of mind, so that you can concentrate on making your mortgage net branch in Nebraska a success.