Frequently Asked Questions
We offer one (1%) point lender paid compensation OR up to two (2%) points on borrower paid compensation.
No, lender paid compensation and borrower paid compensation cannot be combined on one loan. You must choose lender paid or borrower paid compensation at submission of each loan.
The total in fees you can charge the borrower is 2%, which can include origination, processing or any other fee for which you performed a service. Please note that the max total fees must stay below 3% including our lender fee of $1425.00.
Yes, if the processor is a bona fide third party processor (they must have their own NMLS) they can provide an invoice and be paid at closing.