Net Branch

Net Branch

A facility offered by some lenders to mortgage brokers where de jure the brokers become employees of the lender but de facto they retain their independence as brokers. One of the advantages of this arrangement to brokers is that they need not disclose yield spread premi- ums received from lenders.

References in periodicals archive ?
Corral says that in his net branch, there is a 50/50 split of Spanish speakers and strictly English speakers.
Ude became a net branch manager for a nationwide company and grew his team from two mortgage loan originators to eight loan originators.
OR YOU CAN ATTEND THE TRAINING FACILITY AT THE CECOM COMMUNICATIONS SECURITY LOGISTICS ACTIVITY (CSLA) NET BRANCH AT FT HUACHUCA, AZ.
California metro areas accounted for five of the 10 metro areas with the highest net growth in branches, helping the state post a nation-leading 22 net branch additions.
30pm, NEt Branch, Nat PoW Assn, Companions Club, Leazes Park Rd, Newcastle; 7pm, Tyneside branch, Merchant Navy Assn, South Shields Seamen's Mission, Mill Dam, South Shields.
Mizuho Bank said it will keep in place its Net branch, which it opened Jan.
j]=1 when j is Minato-ku (50 net branch increases in Period 1), and RANK[1.
Example 2: Net branch losses prior to the incorporation of company F are $200.
Over the past 10 years, Onstott owned and operated National Mortgage Lenders, a full-service Texas-based mortgage broker, and in 2007, he opened a net branch of Primary Residential Mortgage.
By comparison, the industry closed 2014 with a net branch increase of 17 for the year, after having closed more branches than it opened in 2013 and 2014, the firm said.
Net branches have been growing in number, but it's important that originators thoroughly research a net branch before signing on with one, Stent adds.
First Houston began its affiliated net branch program in 2006 and has since grown to more than 25 branches nationwide with more than 300 employees.