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You as the Loan Officer will only pay $1,250 per file until reaching the annual #CapOut, after which point all of the commission goes back to you.*
Client Direct Mortgage has the best LO Comp Plan in the industry. Loan Officers have a flat payment of $1,250 per file. Once they reach the annual cap of $20,000, all the loan income is directed to the Loan Officer. Simply put, upon closing 16 loans, Loan Officers will reach the cap*. As a prerequisite to joining Client Direct Mortgage, a Loan Officer must have closed a minimum of six loans in the last 12 months.
TThe annual corporate margin associated with any individual loan officer will not surpass $20,000 for loans. Once this limit is reached, you, as the loan officer, will start earning the corporate margin on all subsequent deals, in addition to your regular compensation.
TAfter reaching your annual company compensation cap, any additional corporate margin earned will be directly allocated to you. This represents a significant increase in pay compared to other lender structures. You have the option to retain the margin or enhance your rates. The bottom line is, you're in control!
TElevate your earning potential through our RevShare Program. By recruiting Loan Officers, you can earn residual compensation based on their production.
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Share the love and spread the word! As other loan officers come onto our platform driven by your referral, you'll grow another stream of income. Lets break down our RevShare Program.
You will earn 10 bps on closed loans for every LO you bring in.
This is called your Tier 1.
When your direct recruit brings in LOs, you will earn 10 bps on their closed loans.
This is called your Tier 2.
When the LOs you recruit, begin to bring on LOs, you’ll earn 5 bps on those LOs.
This is called your Tier 3.
When your downline LOs recruit five loan officers & meet the annual company commission cap ($2 million loan volume), you hit $185,000 in RevShare comp and keep earning more from there:
You can get your current referral partners, like realtors, paid up to 1% of the loan amount. They'll join our Business Development Team and refer mortgage deals, whether that client is seeking pre-approval or already in contract. It's a win-win for you and your referral partners. image
Calculate How Much Money are You Currently Leaving on the Table.
Calculate How Much Can You Earn From the RevShare Program.
Our minimal fees give you access to the Loan Officer Package. Monthly recurring fee must be paid by credit or debit card.
Loan Officers can enroll in our Prospecting Strategy Program, an all-encompassing package that provides extensive training on the most recent loan products and strategies for reaching out to borrowers or realtors.
This includes:
Check out our One+ Sales Strategy Facebook group to learn more about the program.
Tier 1 -> you earn 10 bps / deal:
$100,000Tier 2 -> you earn 10 bps / deal:
$50,000Tier 3 -> you earn 5 bps / deal:
$125,000Visit Rocket Pro TPO's Detroit campus for an exclusive in-person session. Created specifically to get insights into current market conditions and provide transparency into what we're doing to help grow your business. Meet top tier leadership, network with other professionals, and influence the future.
Rocket Pro TPO’s virtual, instructor-led training provides strategies to help you:
Level up with continuously updated trainings, such as:
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