Writing a Business Plan for Mortgage Bank
Mortgage banks, unlike mortgage brokerages, acquire a warehouse line of credit allows them to act in a direct lending capacity for their comments. Most importantly, this provides a very strong competitive advantage in the home financing market given the fact that the mortgage banking business can make a direct decision as to whether or not to provide a conforming or nonconforming mortgage to their customer.
These businesses are typically started with substantially more capital than a mortgage brokerage firm given the fact that most banks require a minimal amount of capital in order to acquire a warehouse line of credit. Over the past 14 years, Deutsch and Thomas has worked extensively with mortgage banking firms throughout the United States in order to provide them with the business plan they need in order to secure capital from a bank, investor, or for direct lending purposes.
All the work we do is completely specific to the needs of our client, and we can develop a plan that is appropriate for acquiring the initial capital needed by statute in order to develop a mortgage bank or in order to develop an ongoing relationship with a financial institution that will provide the capital needed so that the business can provide loans to its client base.
In all the business plans that we do, Deutsch and Thomas develops a business plan for a five-year period. This includes providing a five-year profit and loss statement, cash analysis, balance sheet, breakeven analysis, and business ratios page. Most importantly, we also develop an extensive marketing and advertising plan within the document in order to let ensure that the mortgage bank can quickly reach customers once it launches operations. We extensively discussed not only traditional means of marketing but also online methodologies as well.
All the work that Deutsch and Thomas completes is done to the exact specifications of our client, and we are happy to help you with developing a business plan for your mate mortgage banking operations. If you're interested in having us develop your business plan, please contact us at 646-216-9844 or through the contact form on his website.