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As an Equilliance client you will quickly learn to be spoiled by our turnkey services. Your startup process will begin with an interview by an Equilliance team member. We will gather all the necessary information and explain the startup process. The entire process will take approximately 8 to 12 weeks, depending on state licensing and lender applications, including a few major milestones:
- Incorporating Your Business
- Establishing Bank Accounts & Federal Tax ID
- State Licensing as a Mortgage Broker Business or Correspondent Lender
- Technology Configuration
- Disclosure Customization
- Credit Bureau Registration & Site Inspection
- Lender Applications
- Hiring Your Brokers
- Technology Training
Throughout the process you will receive regular status updates.
Do you want to get started immediately? During your startup process you can operate as a branch of Equilliance Mortgage until your new business is ready. Immediatly start hiring brokers and filling your pipeline. When your business is ready, we'll transfer your brokers and loans. You can even start using your company name.
The cost of starting your company will depend on your individual situation. After learning more about your goals we will develop a customized startup plan to help you build your company. Through our volume leverage we can reduce many of your startup costs and help you save thousand of dollars.
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