Exec: Many Reasons To Be A Net Branch

photo, Kurt Reisig

Mortgage broker interest in net branching arrangements is on the rise because of a number of well-publicized legal and regulatory issues.

But beyond that, said Kurt Reisig, chief executive of American Pacific Mortgage, a net branch operator, there are a number of reasons originators should make the move.

These reasons, he told attendees at the California Association of Mortgage Brokers annual convention here, include access to a broad book of relationships, superior vendor and lender relationships, and access to value-added services.

Mr. Reisig said there is no universally accepted definition for net branching. The one he and his company uses is "a net branch...