This is and email that will hopefully save people a lot of Money. The Steltmen group/ virtual branch is not a mortgage company. The main business is taking your monthly fees. The following : The are not backed by a federal charter. ( They could not supply one when my state asked for it.) There fees on each loan approach $2300. Bteween them and there broker. FHA are done in violation for the law. They are not a mortgage company at all. Broker to to broker to broker The source is Nations Funding Source. Ypu can go direct with no montly fee. They are not license in every state not even close. In fact Steltmen is not licensed at all. You cannot use rate sheets you cannot call the wholsale rep you cannot order your own appraisal or title If you are a real professional mortgage broker, you will be very disipointed with this group. it cost me $3500 bucks to find this out. I hope this save you the plunge that i took.. Every thing they say is just to suck you in. There company is really not set up to close mortgages it is set up to take your monthly fee. Every thing is brokered (poorly at that). Save your money.