Historically we haven't work with any brokers. We have been approached by a local group that is starting up a mortgage company and wants to serve as a broker to us.
Does anyone have any guidance or share any resources that can point us in the right direction? Not sure how/how much to compensate the broker, how much work they should do to earn that compensation, HMDA reporting (I assume we would since the loans would close in our name and we would underwrite), and I'm sure there is a ton more I'm not thinking of at this point.
Thanks in advance for any help!
How long until retirement??