Your Partnership Benefits
SISTAR Support Services: When affiliating with Sistar Morgtage, our transition team provides comprehensive training for all aspects of the branch office in becoming a direct lender. From on-boarding assistance to technology training, we support the branch manager so that profitability is maintained and disruptions eliminated to insure a seamless transition.
Our Fundamentals: Sistar Mortgage is a retail direct lender, that is our focus. We don’t dabble in wholesale, mini correspondent or correspondent channels, we’re retail folks. We are acutely aware of the needs of our partners and the importance of servicing and maintaining Realtor and other referral relationships. Our broad loan product diversification entails Fannie Mae, Freddie Mac, FHA, VA, Jumbo USDA, Reverse and even direct Non QM loan products, all of which will cover 99% of purchase transactions today. We also carry all of the Non QM products you can imagine including Bank Statement loans, Foreign National, Asset Depletion and large Cash Out. Our sense of urgency and team spirit on every loan strengthens our process execution, from underwriting turn times, stip clearing, docprep and closing. But our number one fundamental culture is supporting our partners and assisting them to grow their business and enhance their prosperity. We understand this basic concept to success and live by it.
Competitive Rates and Products: Our branch managers may set their own product specific margins for distribution to their Loan Officers. As a direct lender, the branch manager can increase or decrease his margins to remain competitive in his local marketplace and improve profitability. With corporate’s direct endorsements and seasoned capital markets group, the best loan products are always available with low rates that are consistent and competitive. As for pricing adjustments, we only publish those adjustments required by the agencies. We also underwrite directly to their guidelines and have no overlays restricting qualifications and even make FHA loans to 580 FICO. The branch’s LOs will have access to all loan products and their specific rates through our technology for pricing and loan scenarios.
Satellite Offices: One of our major strengths is building our partner branch offices to a level where they can substantially increase their market share in a particular metropolitan area. As part of this strategy, we allow and encourage the branch manager to recruit and build Satellite Offices around a promising metro area. This is also a great opportunity to grow loan production and have more LOs in the field to acquire more referral relationships.
Loan Processing: We encourage branch offices to process their own loans and use the fees as a branch profit center. However, many producing branch managers do not have enough loan production to support an in-office loan processor. Sistar Mortgage has ample loan processing capabilities to handle a branch’s processing on an overflow basis or for an entire office.
For more information about the benefits and opportunities of partnering with Sistar Mortgage, Contact:
National Retail Lending Group