What is the commission split with US Mortgage Lenders LLC? 90% commission in 1099 states and 80% in W2 states.
When will I be paid for each closed loan? For 1099 states you can be paid the day of closing. For states that require a w2 payment is provided as soon as payroll is available on average 24 to 48 hours. Note: All conditions must be met.
How many US Mortgage Lenders do I have access to? Currently, we have access to 100+ lenders.
Do I have to use your processor or can I process my own loans? You can hire an NMLS licensed processor or process your own loans.
Are the rates padded by US Mortgage Lenders? We are mortgage brokers so we do not have the ability to add layers to the rates.
What (LOS) loan origination software is available? We offer UWM Blink at no cost, others use ARIVE.com or Preapp1003 the monthly fees apply.
How long does it take to get started with US Mortagage Lenders LLC? Upon signing the agreement and meeting all state licensing requirements the qualifications we will request your logins for Advantage credit, your LOS software, and your Lenders list credentials. Your state’s NMLS could take 24-48 hours to approve your license transfer.