Benchmark Mortgage Net Branch vs American Nationwide
Most people have found Benchmark Mortgage Net Branch to offer a respectably solid affiliate program. In comparing them directly to our Net Branch opportunity, however, you will note some important differences related to costs, reserve accounts and state coverage. For more details call us directly.
PER FILE FEE: Benchmark charges a Per File Fee of $500 for all brokered loans. This is slightly more than the flat $495 charged by American Nationwide.
STATE LICENSING: Benchmark Mortgage is licensed in a few more states than we are. However, these additional states are low volume states such as Idaho, Montana, Wyoming, South Dakota, Nebraska, Kansas, Oklahoma, & Arkansas. We do, however, have a few important high volume states that Benchmark Mortgage does not. This includes Virginia, New York and Ohio (among others). So in the end the few extra states they are licensed in is off-set by the fact that these are low volume states whereas we are licensed in more states wherein you are actually likely to originate loans (plus these higher volume states have higher loan amounts).
RESERVE ACCOUNT: Benchmark Mortgage Net Branches Require a Reserve Account...We Don't!
OTHER: Both Companies offer 401K & Health Insurance, Banking and Brokering, Marketing Assistance, Accounting Services. The notable differences are listed above.
PER FILE FEE: Benchmark charges a Per File Fee of $500 for all brokered loans. This is slightly more than the flat $495 charged by American Nationwide.
STATE LICENSING: Benchmark Mortgage is licensed in a few more states than we are. However, these additional states are low volume states such as Idaho, Montana, Wyoming, South Dakota, Nebraska, Kansas, Oklahoma, & Arkansas. We do, however, have a few important high volume states that Benchmark Mortgage does not. This includes Virginia, New York and Ohio (among others). So in the end the few extra states they are licensed in is off-set by the fact that these are low volume states whereas we are licensed in more states wherein you are actually likely to originate loans (plus these higher volume states have higher loan amounts).
RESERVE ACCOUNT: Benchmark Mortgage Net Branches Require a Reserve Account...We Don't!
OTHER: Both Companies offer 401K & Health Insurance, Banking and Brokering, Marketing Assistance, Accounting Services. The notable differences are listed above.