Thinking About A 1st Metropolitan Mortgage Net Branch?
Each 1st Metropolitan Mortgage Net Branch has to pay a Per File Fee that is significantly greater
than our fee of $495. So if you're a broker that is doing any volume then you really have to consider
what it means to lose commission on each file. Another consideration is that 1st Met has not made
any moves to diversify their product lines in the face of a changing industry. Yes, it's true that
they offer FHA and VA financing. So do we. However, the do not offer Loan Modification, Debt Settlement,
or Loss Mitigation Services. We do. We make sure that you have all the tools necessary to capture
as many clients as possible. We have more programs, more ways to make money, and we charge less.
In other areas the services are fairly comparable. They offer health care and 401K programs that are
comparable to our own. They have a reputation that is approximately comparable to our own. So really,
the primary difference between the companies is one of Cost and one of Options. If you're interested
in providing more money per file while providing more programs to your clients then we win hands down...and
when we win, you win.