home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Mortgage Branch News | Net Branch | Mortgage Branch Directory
Coverage of new and existing net branch operations. Programs, payouts and other details. Profiles of brokers and net branch lawsuits.

Net Branch Advantages

Recent net branch activity

March 26, 2008


A number of net branch operations are still reporting growth. Among strengths recently touted by some of the companies were strong executive teams, aggressive secondary marketing departments and 100 percent commission programs.

Stonegate Mortgage Corp. announced plans to expand its affiliate mortgage banking program outside of Indiana.

The Indianapolis-based company said it recently opened a branch in Louisville, Ky., and has applied for licenses in Kansas, Minnesota, Missouri and Tennessee. Four new branches with 10 to 15 originators each are planned for this year.

"Stonegate's affiliate business model is a hybrid retail model that provides wholesale pricing to our affiliate branches and creates multiple revenue opportunities for each branch operation," Stonegate President, Jim Cutillo said in the statement.

Cutillo reportedly was a GMAC Residential Funding director. Other executives at the firm include David G. Kittle, chairman-elect of the Mortgage Bankers Association and former executives from IndyMac Bank and Waterfield Financial.

Supreme Lending is courting mortgage brokers by touting its secondary marketing department. Available programs reportedly include government loans, conventional loans and 100 percent loan-to-value mortgages.

"The marketplace is no longer off-the-rack -- products and services must be custom-fit," the Dallas-based company said recently in an e-mail marketing piece. "Our secondary marketing product team provides an endless array of perfectly-tailored offerings."

Supreme says it gives affiliate branches 100 percent commission and doesn't require yield spread disclosures.

Primary Residential Mortgage Inc. issued a statement boasting about a new "divisional partnership" with Elmhurst, Ill.-based Integrus Lending Group.

Integrus, which was founded earlier this month by two former executives of failed American Home Mortgage Investment Corp., will keep its name, according to the announcement. The branch employs more than 20 people.

The partnership reportedly enables Integrus to focus on sales while Salt Lake City-based PRMI provides financial and operational support.

Allied Home Mortgage Capital Corp., the self-proclaimed "largest privately held mortgage banker/broker in the U.S.," announced a new branch in Wilmington, Del. The branch manager, Robert Keller, reportedly worked for Wells Fargo Home Mortgage previously and ranked among its top five sales supervisors on three separate occasions.

Independent Mortgage Corp. reported $1.6 billion in 2007 originations. The Sun Prairie, Wis.-based company, founded in 1996, says it employees over 500 people in 100 branches.

Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of MortgageDaily.com.

e-mail: [email protected]

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders