Business Development

Our Business Development Department identifies and pursues venture partnerships with organizations operating in the housing industry. Our Concept is to establish a partnership, in which your company and Southern Trust Mortgage have equal ownership in an independent full-service mortgage company. This business model combines our experience and operational support in running a mortgage firm with your ability to produce consumers who need mortgage loans. The partnership brings increased revenue directly to your bottom line and adds another level of customer service to your core business model. Our success is dependent upon your ability to remain focused on your primary business, while we focus on providing specialized services including, but not limited to:

• State and local registrations
• Apply for Mortgage Lender license
• Legal assistance and creation of operating agreement
• Obtain surety bonds, E&O and D&O insurance
• Establish operating and escrow bank accounts
• Establish warehouse line of credit
• Purchase, acquire and insure all operating equipment
• Recruit and train personnel
• Administer employee benefits and payroll
• Manage day to day operations
• Provide Quality Control audits
• Monthly production and financial reporting
• HMDA Reporting

Southern Trust Mortgage is extremely successful at matching builder, realtor, and banking relationships with our business model to create successful and profitable mortgage lending ventures. If your organization meets our established criteria, we would like the opportunity to further explore how our proven model may be a viable option for your business.