Net branch
Definition
A facility offered by some lenders to mortgage brokers where de jure the brokers become employees of the lender but de facto they retain their independence as brokers. One of the advantages of this arrangement to brokers is that they need not disclose yield spread premiums received from lenders. See Must Mortgage Brokers Reveal All Their Charges?
Related Terms Other terms related to 'Net branch' starting with the letter 'N' Net jumping, Non conforming mortgage, No Cost mortgage, No asset loan, No income loan Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 