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The BankAgenttm Program |
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Highlights |
Not a net-branch. Broker in all 50 states. Retain your company status. Loan Officer Assistant program with Federally Charter Banks. |
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Licensing Required |
No licensing required. Loan Originator Assistant
Status |
| Membership Fee |
One time $495 Membership Fee - All 50 states
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Product Mix |
A, Alt-A, Sub-Prime, VA Commercial/Construction
FHA Referral Program
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|
Leads |
Unbelievable Lead Program |
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Application |
Calyx Point, Fannie Mae File, Handwritten
Applications |
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Experience |
1 Year |
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Volume Requirements |
There will be a $100 per month fee if you do not enter at least one loan per month. |
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Conventional Loan Commission |
Loan Originator Assistant earns up to 100% of
Origination and Yield Spread Premium
See Commissions |
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Conventional Loan Fee |
$640 Bank Fee, $495 Lender Fee.See Fee Disclosure |
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FHA Commission |
Referral Provider earns 80% of Origination and Yield Spread. See Fee Disclosure |
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FHA Loan Fee |
$640 Bank Fee, $495 Lender Fee, and $220 QC Fee.
See Fee Disclosure |
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DBA |
No |
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Reserve Account Required |
No |
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Benefits |
No |
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# of States |
50 |
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Direct Marketing
Allowed in States |
Not Allowed |
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Method of Pay |
1099 |
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Pay Period |
7-10 days of closing |
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Lenders |
All LendersListed |
