NMP Ignite: The Risks And Rewards Of Going Non-Del

There are two ways to grow your mortgage business: increase production or take on more risk. Becoming a non-delegated correspondent can offer a path to both — but it requires careful planning.

In this video, brokers who made the transition explain how the non-delegated correspondent model works, what they learned along the way and what other brokers should consider before making the move.

Closing loans in your own name with a warehouse line can give you more control, improve pricing opportunities, provide direct access to the secondary market and help you build a business under your own brand. It also brings added responsibilities, from warehouse financing and compliance to staffing and overhead.

Non-del isn’t the right move for every broker. Watch the video to hear how to weigh the potential benefits against the operational demands and decide whether the model makes sense for your business.

The video covers:

• How the non-delegated correspondent model works.
• How it connects your business to the secondary market.
• Potential pricing and product advantages over the wholesale channel.
• What warehouse lines cost, how to secure one and what lenders look for.
• Whether to hire or outsource as you grow.
• What compliance infrastructure to establish before closing your first loan.
• How to evaluate whether the economics make sense for your business.