Instructions

• 1). Become a licensed mortgage originator if your state requires it. This can be done by contacting your governor's office and obtaining an originator's application form. Most states require applicants to meet personal requirements (acceptable credit history, crime-free background) and pass a written test.
  
  
• 2). Look for companies who operate using net branches. An online search is all you need to have a sizable list at your fingertips. If you have industry experience, look for companies that offer mortgage products similar to those in which you specialize.
  
  
• 3). Prepare your resume. Most companies like their net branch managers to be experienced loan officers. It is a good idea to have at least three to five years experience writing loans. List every mortgage origination and management job you've had in the last five to 10 years.
  
  
• 4). Select a location for your office. Some lenders may allow you (depending on state rules) to operate your net branch out of your home. It is wise, however, to open an office, which will allow you to meet clients face to face and advertise your business in the community. Work with an experienced real estate agent to find the best location.
  
  
• 5). Complete a branch application. Make sure you complete each page of the application as directed. Your lender also may ask you to submit to criminal background and credit checks. Approach the situation as though you were applying for a corporate job.
  
  
• 6). Negotiate a pay structure and fee schedule. As a branch manager, you will be required to pay your corporate office a flat fee or percentage of revenue on every loan you write. Negotiate the lowest fee possible. Some loan officers who work for net branches are paid directly by the corporate office, while others are paid out of revenue brought into the branch. Implement a system that works for you.