Commission Disbursement Request - Mortgage
Commission Disbursement Request – Mortgage Important Info & Procedure
- Commission Disbursement request will only be processed after broker closing package, including broker commission, and closing statement has been received by the broker.
- Request submitted prior to broker commission received notification to loan originator, will not be processed.
- Broker commission amount to be confirmed by loan originator in order to ensure disbursement accuracy according to company Compensation Exhibit.
- ACH / Direct Deposit Authorization form to be completed by loan originator and uploaded in request accordingly.
- 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.
- Office will not be responsible for any delays if procedure is not followed accordingly.