Home Loan Wholesale

Pitbull Mortgage School reported recently that in most cases, “mortgage brokers spend 50% of their time trying to find a hard money lender to fund their loan scenarios.” This simple flaw with the traditional mortgage broker business model is that “you are only good as the last mortgage loan you worked on”. Wouldn’t it be nice to receive residual income in addition to your brokering fees? This can be accomplished through creating a hard money client base and private placement memorandum. You not only gain considerable control of your future but also gain control of the underwriting process. In addition, you earn service fees and management fees as the fund manager. Essentially you become a hard money portfolio manager. Consider upgrading from a mortgage broker to becoming the mortgage banker. We have created an entire program to show you how this can be done. The Mortgage Loan Outlet offers hard money refinancing for borrowers with bad credit.