The mortgage industry is fiercely competitive, especially for loan officers at retail banks. With rising interest rates, the squeeze on retail bank loan officers intensifies. Your rates are a half-point higher than independent mortgage brokers, leading to lost valuable realtor referrals. Building relationships with real estate agents can help keep your loan pipeline full by earning referrals from homebuyers who rely on their real estate agents for guidance. In this tightening market, the consumer will research for the lowest rates to finance their home purchase and their real estate agent will send them to the lender who helps them get approval and to closing.

To safeguard your earnings, transitioning from captive banking to mortgage brokerage is becoming imperative. Understanding the differences between types of mortgage brokers and the requirements for becoming an independent mortgage broker is crucial. But the warnings of bank managers, designed to keep you tethered, cast doubts. With IMB™, cut through the noise, see the bigger picture, and elevate your income without the compromises they warn you about.

With IMB™, as an independent mortgage broker, you get the crucial lower rates without compromising on support. Having cutting-edge digital tools is key to success in the mortgage broker industry, with the IMB™ portal you will have the best technology for the business. Pay one of the best competitive structures in the industry for each funded deal and still get TBD underwrites, close in 2 weeks, balance CDs days prior to a CTC, and send wires the day before closing. Plus, the majority of our wholesale lenders don’t require funding authorization on home loans.