Brick and Mortar expenses for a mortgage broker company is one of the highest overheads for a mortgage company. There are many mortgage companies becoming a virtual mortgage company. Is it feasiable to have a mortgage brokerage licensed in multiple states a virtual mortgage broker using the ZOOM platform?

I was asked to come to GCA Forums to get the right answer to whether it is better to open your own mortgage broker company or try to get hooked up with a mortgage lender and open your own P and L net mortgage branch? What are the pros and cons of owning your own mortgage net branch versus having your own mortgage brokerage company? What are the two start up costs of having your own mortgage broker company versus a P and L mortgage net branch of a national mortgage lender. @Bill Burg

How can I open my own mortgage company? Can I buy an existing mortgage company or how do I go about starting my own mortgage company and hire mortgage loan officers to work under me? How much money does it cost? What type of licensing do I need to get.