The basic flaw with the traditional mortgage broker lending model is that you are only good as the last mortgage loan you acomplished. Wouldn’t it be refreshing earning a residual income annually in addition of your loan origination fees? This can be accomplished through creating a hard money mortgage pool and private placement memorandum (PPM).
The mortgage broker or real estate investor gains considerable control of your lending business and gain control of the underwriting loan process. In addition, you earn loan service fees and lending management fees as the hardmoney fund manager. Essentially you become a hard money lender portfolio manager. In plain English, you upgrade from being a mortgage broker to becoming the banker. We have created an entire lending program to show you how this can be accomplished. Pitbull Mortgage School.