A mortgage broker franchise enables you to operate your own broker firm under the umbrella of a single brand. In return for paying a modest franchise fee, you receive access to the mortgage brand and ongoing professional training and service to assist you successfully operate your new brokerage. Franchises offer two main benefits to mortgage brokers – financial security and brand recognition. Both these goals are achieved by building your business in association with a brand that has established itself as one of the most trusted names in the mortgage industry. The mortgage broker franchise agreement will detail the financial and brand equity you enjoy as a mortgage broker under the agreement of a franchise.
Mortgage Broker Franchise
The first benefit of a mortgage broker franchiseee is financial security. As a franchisee, you will enjoy ongoing professional training and assistance from experts in the field of residential property finance Mortgages. You will receive advice on the best loan products and loan terms from an experienced team who have years of experience in assisting lenders to find the best loan offers for their customers. Your franchise company will have a large number of contacts from various lenders and may be able to negotiate a low rate or even a fixed rate for your loan amount. If you require further information on any aspect of residential property finance, your franchise will have a large amount of experience in providing valuable information and recommendations. When you are looking for a new mortgage for your residential property you will find the assistance of your franchise company will prove invaluable as they can shop around for the best loan package for you.
The second major benefit to mortgage broker franchises is brand recognition. As a mortgage broker franchisee you will become associated with one of the most recognisable names in the property finance market. This can prove very beneficial to you and your customers. Once you have built your reputation as a specialist in residential property finance, you will gain a level of credibility which will help you secure more finance and attract a greater volume of finance applicants. Once you have built up your brand, you will be able to expand your business by offering additional services such as mortgage broker services to other mortgage brokers or even third party commercial finance companies.