Own Your Mortgage Branch

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United Mortgage provides branch owners with the resources and support needed for success, including:

• Compliance Support: In-house legal compliance assistance, Mortgage Call Reports (MCRs), financial reporting to the NMLS, and banking commission requirements.

• State Licensing Requirements: United Mortgage maintains the required net worth for state licensing on behalf of branch owners.

• Lender Partnerships: Access to 12 wholesale lenders offering competitive mortgage products.

• Accounting & Payroll: We manage bookkeeping for LO compensation and splits, ensuring timely and accurate payments each month.

• Technology & Tools: Includes Arive (LOS), CRM, phone extension, email, and a dedicated website for each loan originator.

• Training: Our training team ensures new hires are fully equipped to succeed including covering for training travel expenses.

• Marketing & Lead Generation: A dedicated team providing branding, advertising and social media content in addition to 5 leads per loan originator each month.

Certain wholesale lenders offer up to 300 BPS per loan, enabling branch owners to earn up to 250 BPS per closing, while United Mortgage retains a 50 BPS royalty fee. By expanding their loan originator teams, branch owners can significantly increase their earnings potential. The following example is for illustration purposes only, and actual results may vary.  

Earnings Example*

If you close a $350,000 loan with a lender offering 300 BPS your branch revenue will be: $8,750 (250 BPS).

We recommend branch owners have at least three producing loan originators, each closing a minimum of three loans per month. 

Example breakdown per producing loan originator for a $350,000 loan*:

- Loan originator payout (125 BPS per loan): $4,375

- Branch owner profit per loan (after 125 BPS payout): $4,375

- You have the freedom to determine the compensation structure for your team.

Example of your monthly profit calculation*:

- Profit per producing loan originator (3 loans): $13,125

- Your total branch profit with 3 loan originators: $39,375/month (plus your own production)  

*Actual earnings depend on loan volume, lender payouts, and compensation structures.

Branch owners are responsible for the following costs:

• Upfront Initiation Fee: $5,000 at the execution of agreement.

• Branch Fee (financed option): $10,000 financed over 21 months at a 5% interest rate (payments begin 90 days after branch opening)

• Ongoing Royalty Fee: 50 BPS for each closed loan.

• Technology & Lead Fee: $99 per loan originator per month, covered by the branch owner. 

• Commercial Office & Utilities: The address must be a commercial (not residential) location with an enclosed room.

• Licensing, Bonds & Renewal Fees: Branch license and annual renewal fees per state.

Yes, every branch must have a commercial address, with the branch owner covering rent, utilities, and related expenses. Per the NC SAFE Act, branches must be in leased commercial spaces, not residences, with licenses displayed and private mortgage negotiations ensured. We can help locate office space that adjust to your budget.

Yes, owners and Loan Originators can close loans in states where United Mortgage is licensed as long as the Loan Originator is individually licensed on each specific state, regardless of the branch’s physical location. United Mortgage is currently licensed in Virginia, North Carolina, South Carolina, Georgia, and Florida, with plans for further expansion as we continue our growth. 

The $99 per loan originator technology fee—which includes access to the LOS, CRM, phone, email, a dedicated website, and five leads per month—shall be covered by the branch owner and will be collected monthly on each pay period.

Additionally, while not required, it is recommended that each branch owner provide their loan originators with dedicated computer equipment for optimal performance.

Branch owners are responsible for covering NMLS licensing, continuing education (CE), and renewal fees for their branch.

Loan originators must cover their own individual licensing renewal costs.

United Mortgage fulfills the net worth requirements for state licensing on behalf of branch owners and covers the licensing fees for United Mortgage.

Each loan originator is responsible for handling their own processing. However, there are many third-party service providers available that can assist with processing and other loan-related tasks. These services may include options offered through our wholesale lender partners. In many cases, the cost of these third-party services can be covered by the borrower, as allowed by lending guidelines and regulations.

United Mortgage partners with 12 wholesale lenders, giving you access to hundreds of mortgage products, including:

• Loan Options: Conventional, FHA, VA, USDA, Jumbo, DSCR, ITIN, Non-QM, Construction, Renovation, Reverse, HELOCs and much more.

• Competitive Advantages: Industry-leading pricing and fast closings, with turnaround times as quick as 10 days.

The branch agreement is a 5-year renewable commitment, requiring the branch owner to fulfill all contractual obligations, including any outstanding financing balances.

If the agreement is terminated, a 2-year non-compete clause applies, restricting branch owners from establishing their own mortgage company. However, they may continue working as a loan originator but cannot hold a branch manager or leadership position with a competing mortgage business under a different brand. This policy safeguards the integrity of United Mortgage’s business model and protects the investment made in each branch.