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Discussions tagged with 'Storefront for Mortgage Net Branch Office'
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Good afternoon,
New Mortgage Net Branch at 516 North Chicago Street, Joliet, Illinois: First-Floor 1,500 Square Feet Storefront. The second floor is a residential apartment. Want to know how opening a storefront brick-and-mortar mortgage branch office would benefit my team and me versus having a new office in a high-rise office building. I have always wanted to expand our niche mortgage market into ethnic communities throughout the country. Joliet, Illinois is a fast-growing city with proximity to Chicago and its surrounding suburbs. From my understanding, there is a large Hispanic population in Joliet, and there are no walk-in brick-and-mortar storefront mortgage brokerages in the city of Joliet. What advice can you give me about my ideas, diversifying the business model of Gustan Cho Associates with not just organic leads from Google but also having a storefront with a large sign about our mortgage company and services we offer, especially first-time homebuyers, homebuyers with little to no credit, down payment assistance, FHA and VA loans with credit scores down to 500 FICO, homebuyers with bad credit and derogatory credit tradelines, Non-QM Loans such as ITIN loans, bank statement loans for self-employed borrowers, No-Doc loans, and rent with an option to buy mortgage programs.
Depending on what advice I get from the above text, I think we are going to take your Joliet, Illinois storefront for our branch. I want to see the dimensions and a sketch of the inside. Gustan Cho Associates can lease the entire space, but subdividing the storefront into two separate offices would be extremely helpful. We can have a real estate broker, attorney (bankruptcy, divorce, real estate, immigration), insurance agent, or other professional who can assist with our mortgage loan origination business. If we can get several Spanish-speaking MLOs, we won’t need to separate the space. Regardless, having two separate offices instead of one large 1,500 square feet makes more economical sense and increases your property value. Check with Joliet Zoning and the Post Office, and see if you know any reputable contractors. I have some contractors, but that is near me. Really appreciate your response. Thanks.
https://gustancho.com/starting-mortgage-net-branch/
gustancho.com
Starting Mortgage Net Branch: A Comprehensive Guide
Mortgage Loan Officers can explore the idea on starting mortgage net branch and have the opportunity to open their own mortgage business
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