I am a mortgage broker and want find out how I can fund small business loans too. can I broker them to banks?
Business loans are a lot more complicated then mortgages. Take a business course at your local community college before you try this.
can one broker small business loans to banks like a mortgage broker do with home loans?
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Business loans are a lot more complicated then mortgages. Take a business course at your local community college before you try this.
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Broker, no. Refer and get a referral fee, yes.
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I have sold money in one form or another for 30 years. and I clearly remember when the mortgage banking industry started down the road to hell, which is always paved with "good intentions" from politicians, that was starting in 1994, and the states i do business in like Ohio arrived in Hell, about 1998.
There are still today 4 times the number of mortgage professionals than are needed, and only 80% are incompetent as opposed to the 12 fold excess of "real estate professionals", of whom 97.5% are full blown flaming utter IDIOTS.
now ignorance, is a curable condition, but stupidity is ingrained forever.
the answer to your question is yes, but it is much like a which doctor trying to do brain surgery.
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me, i own my own firm. every day we do loans from $5,000 to 5 Million or more either as broker, corospondent, or direct lender. we do loans you have never even dreamed exsisted.
if you have brains backbone and gonads maybe, if not move on this is no place for light weights.