Home of the $550 Flat Fee Branch*

Convert your current Net Branch to a Diamond Branch Office.

Diamond can help you fish in the right places

 

Banker and Broker. Diamond's purpose is to attract "existing" high quality net branch offices that are interested in affiliating with a small but better branch company. The culture change is probably too great if you are an independent office looking to convert to net branching for the first time, unless you already are very well informed about the details of the net branch platform.

If your goal is to develop the reputation in your marketplace as the quality place to go for a good mortgage, then we are starting on the same page.

There are a lot of options available today in the world of mortgage branching. Some are good, and some not so good. The challenge becomes selecting which is the right fit for you. Diamond can help you through your decision process.

If you currently operate a mortgage net branch office generating 15 or more loans per month, Diamond could be your best option. The ideal new Diamond office is one that is professionally operated and is currently generating  in the 20 to 50 closed loans per month range.

Generating much less than 10 closed per month results in the office overhead absorbing too high a percentage of the profits. If so, you may want to consider the Diamond Remote Loan Officer program here: VirtualLoanOfficers

A mortgage branch office is a business all of its own. If we were comparing branch opportunities, one of the most important questions that we would ask is, "How Do You Help Me Do More Business"? All the branching companies can process your payroll and provide other back office functions, but most are far removed from the techniques of originating mortgages and developing proven methods for operating a profitable mortgage office.

Another question that we would ask branching companies, "Do You Currently Have Company Operated Mortgage Offices"? We think it is important to "walk the walk" successfully before you are entitled to "talk the talk". If you can't demonstrate operating multiple company offices each generating $5 Million plus loan volume per month, it is not clear how you can help new branch managers do the same? Sort of a show me, don't just tell me perspective. Diamond company operated offices have generated nearly $90 Million per month in closed loan volume.

At Diamond, we are mortgage business people, every day. We pretty much know all about every type of mortgage, lead source, pricing strategy, loan officer compensation plans, compliance, etc. and offer this advice to you as a Diamond Branch Manager. Our purpose is to help our branch managers become more profitable through suggestions, coaching and business mentoring. As opposed to just renting you a license and wishing you success.

OK, so how do I know if this helping you be more profitable is just lip service?

Diamond provides all of the back office support such as accounting, payroll, compliance, etc. just like all the other branching companies. But we try to take it to another benefit level by helping you close more loans and run your office as a profitable business. Maybe you don't need this, but from time to time you will probably appreciate having a good sounding board.

One of Diamond's goals is to help you generate extra business, or lower your operating expenses, in order to offset Diamond branch participation costs. Then, we are probably the least expensive branch affiliation since we brought value to the relationship and then it really didn't cost anything.

Which branching companies actually help you with marketing?

Not just referring you to a few lead sources, but actually letting you take advantage of proprietary marketing programs that are proven to perform. We know what works because we are doing it for our company operated branches every day. Adding your branch office to the Diamond marketing programs is another way that Diamond helps you be more profitable.

Developing a performing marketing piece is part of the project. Getting the right list so you are sending it to the right prospect is another. Diamond can do both for you. Or you can do it yourself. Often, we layer property data against credit data to target prospects more precisely. Sometimes we further layer the data to target specific lenders. With the right criteria, marketing becomes more efficient and you close more loans.

Diamond even has marketing programs that will get Realtors calling you.

We are always experimenting with marketing. Whenever we come across something that is working well for company operated branches, those programs are made available to you as a Diamond Branch Manager. The point being, if a branching company is not currently operating company branches there is just no way to know how to successfully operate a mortgage office since things are changing constantly. Diamond strives to be on the cutting edge of changes and can help you as a Diamond Branch Manager to catch the trends early, before your competition does.

The Diamond Retail Branch program:

  • No upfront costs or fees
  • No monthly fees
  • No extra technology fees
  • No rate or loan padding
  • Good processing available at $485 per closed loan
  • Blue Cross health benefits available
  • HUD Compliant
  • All back office functions
  • Forward, Reverse, FHA, VA, Jumbo, USDA.
  • Proven leads sources that we use in company operated offices every day
  • Diamond VOIP phone system available to lower your phone costs
  • Special bulk pricing from Staples, FedEx, etc.
  • Commissions paid every Friday
  • Server network access with LOS, Word, Excel and all other necessary software
  • *$595 flat fee per closed loan.
  • *$550 if you close 20 or more loans per month.
  • *If your office generates 40 or more loans per month, call for negotiated pricing.

 Primary Investors:

  • Provident Funding
  • Sierra Pacific
  • ING Mortgage
  • Sidus
  • Sovereign
  • Wells Fargo
  • Emigrant
  • Flagstar
  • US Bank
  • M&T Bank
  • James B. Nutter
  • EverBank
  • Fifth Third
  • American Financial Resources
  • Sun West
  • Franklin American
  • Freedom Mortgage
  • Bristol County Savings Bank
  • Astoria
  • ReverseIT
  • Hudson City
  • Genworth
  • Luxury Mortgage
  • Mid-Island
  • Met-Life
  • Plaza Home Mortgage
  • United Wholesale
  • Wintrust
  • Live Well
  • President's First
  • More upon request

You are invited to inquire about becoming a Diamond Branch Manager.

For an application package click here: Diamond Application.pdf

 

Customer Commitment Our service culture is precisely in sync with our customers' needs. It's a mindset that values customized solutions over off-the-shelf thinking. We listen more than we talk, and when we act, it's driven by customer goals. Our customers are some of the most intriguing people. We're proud of our role in their success, and are deeply committed to expanding our customers' growth. At the center of our commitment are our people, some of the kindest we've known. We are innovators, collaborators and exceptional performers, all made evident by the facts: Over 120,000 have partake in our services. We u

Like No Other Lender.

nderstand that when we do more, our customers can do more. With every problem solved, we are delivering on a promise to our customers: your success is our business. 

 Serving MA, NH, RI, CT, WV, VA, PA, OH, and FL. Coming soon NJ and HI.

 

Loan Processing Centers:

189 Main Street, Milford, MA - (508)-381-6400

2420 Pennsylvania Ave., Weirton, WV - (304)-723-3030

Office Locations:

Milford, MA

Weirton, WV

Steubenville, OH

 Cranston, RI

Pelham, NH

Cotuit, MA

New Bedford, MA

Kintersville, PA

Palm Beach Gardens, FL

Marco Island, FL

Toll Free Connecting All Offices - (800)-553-3770

 

Experience The Diamond Difference.

 


Diamond Funding Corporation

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