Start Mortgage Servicing Company?

[Lex M.]

Hi There,

Has anyone started a mortgage servicing business in Texas? Anything that you wish you knew when you started or anything that you would do differently? 

Thank you

[Jamie Bateman]

Quote from @Chris Seveney:

@Lex M.

@Jamie Bateman- you want to take this one?

I would recommend against starting a servicing company unless you have atleast 1,000 loans.

 How much time do you have? Many lessons to share, for sure. Like @Chris Seveney said, focus on revenue first, then growth later. You need the income before you chase licenses. (I am speaking from the owner-occupied servicing space.)