Execute like a Broker but with all of the benefits of being a Banker
In the last decade, the mortgage industry has experienced a major paradigm shift caused by the digitalization of mortgages, making them more commoditized than ever before in history. Most mortgage products have become so standardized that fulfillment processes are now completely automated. Success in the business of mortgage origination, like most other businesses that sell a commodity, is based largely on pricing.
Founder and CEO of Loan House, Nelson Haws has developed a new “originator-centric” mortgage origination platform. After 35 years of leadership experience developing national mortgage banking organizations, Haws has witnessed first-hand the essential role self-generating mortgage loan originators play in the success of a mortgage bank. Too often mortgage loan originators that work for banks are marginalized with heavy pricing margins, making the rates and products they sell more difficult. The support that many of these banks provide is expensive and providing less than competitive rates and fees to the MLOs is easily dismissed by the bank’s leadership team as a cost of business. Historically the only alternative has been to go work for an independent mortgage brokerage business where MLOs can shop wholesale lenders for the best products, pricing, and fees. But most MLOs working for mortgage brokerage firms experience customer service and support issues associated with a lack of infrastructure because of a lack of investment like the large mortgage banks make. So as an MLO, if you want the best rates and prices you go to a mortgage brokerage firm and if you want service, technology, and support you go to the large mortgage banks – these have been the main two choices in the industry, until now.
The Loan House mortgage banking platform is very different. As a FinTech, Loan House has developed a mortgage marketplace and point of sale (POS) solution that is a fully-automated, web-based, AI-powered technology, that enables MLOs to instantly shop the industry’s top wholesale lenders for the best execution on product and pricing. In fact, the entire loan origination process from shopping investors to the loan application, to complete loan fulfillment and pipeline management is all done through our proprietary mortgage technology. The software gives MLOs that “bank-like” tech platform and at the same time enables them to directly access, without obstruction (or undisclosed mark-ups), to the wholesale market’s most competitive products and pricing. And like an independent mortgage broker, MLOs are compensated up to 100% of what would normally be characterized as the Broker Fee, up to 275bps on their funded production.
As we set out to create the best loan origination platform in the industry, our goal was to enable MLOs to execute like an independent mortgage broker, but also enjoy all of the benefits the big mortgage banks provide in terms of tech, service and support.
Wondering how your price stacks up? Check out the Loan House Wholesale Mortgage Marketplace app and compare for yourself.
As a FinTech, Loan House is well-positioned to offer its MLOs and borrowers a very unique origination experience by leveraging the industry's best-in-class technology. Whether it be a well established "off the shelf" technology or our Loan House proprietary technology, combined, the Loan House platform has all of, if not more than the "big bank" bells and whistles. Impress your customers and watch your business increase. Your borrowers and referral partners will not be disappointed!
Loan House offers three technology plans. Please click below to review them.
The Loan House operational model is a pod structure designed to deliver the highest levels of customer service and quality to our borrowers and referral partners. What is a pod you ask? A pod is a small team of mortgage professionals working with a shared purpose of getting a mortgage file approved and closed for a borrower. The pod is not a “process,” but a way of thinking. It’s a complete mental shift, with the onus of responsibility to make decisions and complete tasks placed completely on the pod. No more chains. No more bottlenecks.
Pods aren't just for peas! Learn more about our internal operational structure. If you are about closing loans fast, you need to check this out.
Whether brokering a loan or banking a loan, Loan House has just about every mortgage product available in the market. And if we don't have the product, we will go get it for you. Take a look at our product categories and the investors to which we sell.
Want to know what products we offer? Want to see a list of our approved investors? Take a quick look here.
The Loan House mortgage banking platform is expanding into a market near you! As well as expanding nationwide to offer MLOs a career opportunity in every state in the United States, Loan House is current seeking approval with Fannie Mae, Freddie Mac and Ginnie Mae as a seller servicer and MBS issuer.
To check on our progress, please feel free to give us a call any time at 747-205-1197 or email us at email@example.com.
If we are not currently in your market, give us a call and we will let you know when we expect to be licensed in your home state.
All payroll, workers compensation, health, dental, life and disability insurances are handled through ADP TotalSource. All full-time employees are eligible for the standard corporate benefit package.