Respectfully, I would question why you are "thinking about getting into loans" given the current market conditions. This has been and continues to be a difficult market to navigate, even for experienced mortgage professionals.
To address your specific question, you need to consider several issues relating to the the type of clients you most often service:
1. Do you need access to FHA/VA financing?
2. Do you need Jumbo Loans?
3. Do you need competitive ARM Rates (ING)?
4. Do you ever do commercial deals?
5. Is you account executive going to be dependable?
6. What are the UW turn times?
7. Does the lender offer 203k rehab loans?
8. Who is their preferred AMC and how easy is it to order appraisal?
9. How competitive are their interest rates?
10. How is the lender's financial health(are they at risk of failing as many have)?
There are so many things to consider with regard to which lenders you want to "try to sign up with", many of which are not clearly obvious to someone new to the financing side of the real estate business.
Matthew Mueller
FCM Direct Lenders, LTD
Office:(815) 477-7692
Email: fcmdirect.mueller@gmail.com
www.fcmdirect.com
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