Titan Lenders Corp Presents
“Transitioning from Broker to Banker”
DATES: Bi-Monthly on Tuesdays
TIME: 1:00 PM (East coast time)
ACCESS: Dial in # - will forward upon registration
Webinar Summary
- What sets apart mortgage brokers from mortgage bankers
- Advantages for transitioning to a banker
- Advantages for supervised institutions
- Outsourced functions and responsibilties
- Banker responsibilties
- Taking the necessary next steps
The Broker to Banker Transition Represents Great Opportunity for Community Banks and Credit Unions:
A few of the strongest arguments for community banks and credit unions to consider this business are as follows:
- Market share is available because of the debacle of the mortgage brokers who had more than 75% of the business.
- The failure of more than 300 competing mortgage bankers.
- Community Banks and Credit Unions are a natural fit because people would rather secure the mortgages from their community banks and credit unions.
- Profit margins have soared since the melt-down.
- Banks and credit unions have their own funding source by using their deposits.
- Today an institution originating just $10,000,000 per month in new loans should be able to enjoy pre-tax profits of nearly $100,000 per month with very little risk if done properly.
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