Guidance Needed: Sponsoring Brokers and Loan Shopping for New Mortgage Brokers
I am currently completing the pre-licensure course for my MLO license, aiming to become a mortgage broker specializing in primarily non-QM/hard money products, along with some conforming loans. Do I need to secure a sponsoring broker who offers all these products? Also, will I have the flexibility to shop loans to wholesale lenders beyond the one with whom my license is associated?