One other type of engagement that is becoming more prevalent is in the area of finance and accounting. Due to the specialized nature of tracking and recording mortgage transactions, MBSD is often asked to offer advice in such accounting related areas as:
- Setting up loan level tracking and reporting mortgage broker licensing,
- Reconciling and managing accounting procedures related to warehouse line activities,
- Expanding general ledger accounts to include mortgage banking activities,
- Building a tracking system to account for Net Branch activities,
- Assisting in setting up efficient commission/payroll processes for loan originators/account executives.
MBSD broker licensing As you navigate the curvy roads of growth, expansion and new business assimilation, MBSD is by your side to assist you in everything from fine tuning your direction to avoiding the perils of driving over a cliff.
While alternatives exist in the marketplace to offer you quantitative and analytical guidance, few, if any, exist which can also offer a very key component needed to make your journey successful – EMPATHY. With decades of experience in the mortgage industry, MBSD boasts a group of consultants that speak to you in terms that make sense and with feelings with which you can identify. How can someone assist you in navigating if they have never traveled the same road or faced the consequences of making a wrong turn?
Reflecting a broad foundation of experience, MBSD mortgage broker licensing Consulting engagements range from advising business owners in the most advantageous marketing channels to undertake to establishing, de novo, a fully licensed, fully operational mortgage bank. Regardless of the scope of the engagement, several steps are fundamental to the process. We begin by gaining a thorough understanding of where our clients have been and where they wish to go. All solutions and answers do not fit nicely into a sanitized, “black and white” academic research paper. By identifying client motivations and limitations, our consultants are able relate to a situation and offer the most effective, practical feedback for a given set of circumstances. Utilizing quantitative tools, an immense understanding of the idiosyncrasies of mortgage banking and a broad network of industry contacts, MBSD is able to provide workable solutions to your needs.
With each MBSD consultant maintaining one or more advanced degrees or professional designations (JD, CPA, MBA, etc), you can be assured that the “been there, done that” empathy is married to an admirable list of respected credentials.
While there is no “typical” project, examples of consulting engagements include:
Assisting a client to move from mortgage brokering to mortgage banking by expanding product lines, correspondent lender investors and warehouse lines of credit,
- Advising an existing mortgage bank in building operational efficiencies via technological initiatives,
- Providing guidance to a mortgage company wishing to move its highly fixed cost operational base to a variable cost foundation through outsourcing alternatives,
- Initiating steps on behalf of a mortgage bank to resolve buyback demands imposed by an investor,
- Building a fully functioning mortgage bank from scratch including staffing, technology, licensing, production and operations.
These are but a few examples. See more at the new MBSD mortgage broker licensing webpage.
Labels: broker licensing, mortgage broker, mortgage broker licensing
