Broker Approval

5th Street Capital Wholesale Lending

5th Street Capital underwrites, draws docs and funds your Loans
Overview of Broker approval requirements:

  • Company Formation and DBA Registration document to be reviewed to verify applicant is in  “good standing” with all governmental licensing and revenue collection agencies and has a clear public record  
  • Licensing by the proper governing authority; be registered in NMLS and authorized to originate and broker loans
  • Most recent audited or unaudited financial statements
  • Balance Sheet to support net worth requirement
  • IRS Form W-9 – Must be completed, signed and dated by a corporate officer, member, partner or proprietor
  • Quality Control Policies & Procedures – If outsourced, provide agreement with vendor
  • Residential Mortgage Loan Origination Agreement & Zero Tolerance signed by a principal
  • Resume(s) of all Owners/Principals/Officers – to support 10+ years industry experience
  • Corporate Resolution – only applicable for Corporations (must be signed by an authorized person)
  • Broker Compensation Selection and Fee Election Form
  • References – provide 3-5 investor, lender, warehouse or MI company references
  • E&O Policy $100,000 minimum coverage per occurrence
Thank you for your interest in becoming an approved partner with 5th Street Capital, Inc.
We employ the resources of Comergence Compliance for all Wholesale Approvals.
Please contact us at sales@5thstcap.com or 888-702-3385to get started!