There's no McDonald's of mortgage lending yet.
At least four home lending franchises were started last year and seem to
One of new outfits is Amcor Network, based in Melville, N.Y. Its chief
Amcor has four branches, all on Long Island. Mr. Olchek expects a total
He said Amcor was using the market downturn as a selling point for its
Despite the optimism, mortgage brokers are finding it harder to afford
"We are certainly in a Catch-22 when it comes to a market like this," he
MortgageAccess, the newest franchise-like venture, is sponsored by
MortgageAccess seeks to attract top loan originators, who "are going to
So far MortgageAccess has just one franchise, in Boca Raton, Fla. He
Donald Henig, president of Island Mortgage Network Inc., operator of
Mortgage Tech Group is now offering a 50% discount on its $10,000
The network currently has 13 members. Mr. Henig expects seven more by
He said the interest in the program is there, but the money to pay for
"I think people are living hand to mouth in our industry," he said.