How is an Affiliate different from a traditional branch?
Affiliate branching is very much like traditional retail mortgage banking but with an entrepreneurial structure. An affiliate branch operates more independently while working as part of a reputable parent company having the resources to act as the office’s safety net. The biggest stumbling block in any branch structure is compensation. A traditional branch manager is generally paid a salary and a small incentive tied to production of that branch. An affiliate branch manager isn’t confined to a base salary and gains the upside of profits generated by his or her efforts in building and managing the office.
