Huron Valley Financial is dedicated to partnering with Mortgage Lenders who have experience in the mortgage industry, proven knowledge and expertise in loan origination and customer care. The link below will take you to our Online Application.
Minimum Criteria for Eligibility To Become a Correspondent:
Minimum tangible net worth for Mortgage Brokers is $25,000 or the State requirement. Whichever is greater.
Minimum tangible net worth for non-delegated correspondents is $100,000.
Minimum tangible net worth for delegated correspondents is $1,000,000.
Owners / Principals of the compoany must have 10 years of experience in the residential mortgage business.
Required Documentation Submitted Via the Online Application:
Articles of Incorporation / Orginzation / DBA filing
YTD Balance Sheet and Income Statement dated within the last 3 months
Resumes for all Principals
Quality Contol Plan
Copy of Fidelity Bond, Surety Bond and E&O Insurance
Government Loan Approval / Sponsorship
Corporate Resolution (if applicable)
Questions? Please contact your Account Executive.