Commission Disbursement Request - Mortgage
Important Info & Procedure
- Commission Disbursement requests will be processed exclusively after the broker receives the complete closing package, including the broker commission and the closing statement.
- Requests submitted prior to receiving the “Broker Commission Received” notification by the Loan Originator will not be considered for processing.
- The Loan Originator must confirm the broker commission amount to ensure precise disbursement in accordance with the company Compensation Exhibit.
- Agents are responsible for both including and adjusting the requested amount to account for any special incentives announced by the company.
- To facilitate the process, the ACH/Direct Deposit Authorization form must be completed by the Loan Originator and uploaded as part of the request.
- The Loan Originator’s commission will only be disbursed through ACH/Direct Deposit each Friday if all necessary procedures have been completed and approved prior to 5:00 PM on the preceding Friday.
- It is crucial to adhere to these procedures meticulously, as the office will not be held accountable for any delays resulting from non-compliance.