Navigating the Broker to Banker Transition

For those of you who are interested in making the switch from Broker to Banker, FGMC Non-Delegated is here to help you transition through that process. We’ve seen the common missteps and can help you avoid mistakes along the way. As an Emerging Banker, we will work alongside you to ensure you meet all requirements necessary to take your business to the next level. We are committed to helping you understand all your options, providing resources and vendors, and investing in you.

As an Emerging Banker, you will need:

  • Appropriate State Licensing for Correspondent Lending
  • Warehouse Line Approval
  • E&O and Fidelity Bond Insurance
  • MERS registration
  • Fulfilment Vendor if applicable (Determine if you will be outsourcing Closing Disclosure or Final Docs)
  • Correspondent Lender Partnership to collect and pay upfront MIP for Government loans

Non-Delegated Advantages

Become a Non-Delegated Correspondent Partner Today!

Let us help you through the Broker to Banker transition!

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