Financial Advisor/Mortgage looking for a broker dealer
I got on with a wirehouse about two years ago after being in the mortgage industry for almost 15 years. The constant regulation changing, liquidity crisis, and no recurring revenue was not fun at the time. I absolutely love advising and do not want to give it up. My book is small in comparison to what I read on here and would love to be able to still do mortgages as an outside activity from time to time while I continue to build my book. The problem with leaving though is that I am having a hard time finding a new broker dealer that will let me still do mortgages because I am being told that impending regulations are going to make it difficult to have both hats. I haven't heard of any new regulations concerning that so I was wondering if anyone had heard that news. Also, are there any broker dealers in Texas that will let you do that without having the same scenario as I had before with the wirehouse in which they take 76% of your paycheck.
If anyone has any good feedback, please let me know.
I am an executive recruiter in Texas, and am confident that I can help you locate the right broker/dealer to help you grow your business. In order to better serve you, where in Texas are you located? Also, can you provide me a ballpark on your production and what types of mortgages you are doing? Thanks. I look forward to discussing this with you in more detail.