FAQ’s Compensation

Frequently Asked Questions

FAQ’s Compensation
We offer one (1.25%) 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 may 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. 

If the loan is locked over par (ie: 100.125) is that additional premium paid to the broker?
No, any premium over par is a credit to the borrower from 5th Street Capital. Maximum lender credit to the borrower after adjustments is: 100.25

If the loan is locked under par (ie: 99.75) is that additional cost paid by the broker?
No, any amount under par is a charge paid to 5th Street by the borrower.

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.