Starting a Mortgage Broker Business
Mortgage Broker is an agent of a lender who brings the lender and borrower together. The broker receives a fee for this service.
The importance of a comprehensive, thoughtful business plan cannot be overemphasized. Much hinges on it: outside funding, credit from suppliers, management of your operation and finances, promotion and marketing of your business, and achievement of your goals and objectives.
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Opening a Mortgage Broker Business
The following elements should be a part of your plan, depending upon your objective, like Summary (strategy overview, strategy logic and stage of business development), Concept (product description and impact factors).
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It cannot be stressed too strongly that a good Mortgage Broker business plan is the cornerstone of successful financing. If you want investors' money, you've got to give them good reasons to buy in. The business plan is where you lay out the reasons.