Commission Disbursement Request - Mortgage

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Commission Disbursement Request – Mortgage    Important Info & Procedure

  1. Commission Disbursement request will only be processed after broker closing package, including broker commission, and closing statement  has been received by the broker. 
  2. Request submitted prior to broker commission received notification to loan originator, will not be processed. 
  3. Broker commission amount to be confirmed by loan originator in order to ensure disbursement accuracy according to company Compensation Exhibit.
  4. ACH / Direct Deposit Authorization form to be completed by loan originator and uploaded in request accordingly. 
  5. Loan originator’s commission will only be disbursed through ACH/Direct Deposit on each Friday, if all procedures have been completed and approved prior to 5:00PM on previous Friday.
  6. Office will not be responsible for any delays if procedure is not followed accordingly.