Best For:
Realtors and builders who originate but hate paperwork. (Must have NMLS number.)
Why Join The IQ Rate Mortgages Team?
Here is a paragraph about the reasons you should joing the IQ Rate Mortgages team...
Choose Your Earning Style
One brokerage, three clear paths. Pick the level of support you need, and keep the rest of your commission.
Concierge
1.5%
(Drops to 1% as your volume grows.)
(Drops to 1% as your volume grows.)
What You Do:
Accept the application.
Collect starter packet including 1003, 2 Pay Stubs, P&L, and Photo ID before handoff.
Explain loan options.
Stay as primary contact for the borrower.
Accept the application.
Collect starter packet including 1003, 2 Pay Stubs, P&L, and Photo ID before handoff.
Explain loan options.
Stay as primary contact for the borrower.
What We Do:
Full document review.
Pre-approval.
Manage processors and underwriters.
Clear all conditions, you just sell and sign.
Full document review.
Pre-approval.
Manage processors and underwriters.
Clear all conditions, you just sell and sign.
Your Cost:
Company keeps the greater of 1.5% or $3,000.
$10M in calendar year = 1.25%
$20M in calendar year = 1%
$35M in calendar year = 0.75%
Company keeps the greater of 1.5% or $3,000.
$10M in calendar year = 1.25%
$20M in calendar year = 1%
$35M in calendar year = 0.75%
Stay / Advance Rule:
Maintain greater than 70% pull through each quarter.
Maintain greater than 70% pull through each quarter.
Team Assist
50bps
(Drops to 35bps as your volume grows.)
(Drops to 35bps as your volume grows.)
Best For:
Call center converts and rising stars.
Call center converts and rising stars.
What You Do:
Accept the application.
Stay in touch with the borrower.
Accept the application.
Stay in touch with the borrower.
What We Do:
Income and document reviews.
Run AUS and issue pre-approval.
Loan set up in LOS.
Optional $1,000 full processing.
Income and document reviews.
Run AUS and issue pre-approval.
Loan set up in LOS.
Optional $1,000 full processing.
Your Cost:
Company keeps 50bps or $2,000.
(Under $350k loan = $1750)
$10M in calendar year = 45bps
$20M in calendar year = 40bps
$35M in calendar year = 35bps
Company keeps 50bps or $2,000.
(Under $350k loan = $1750)
$10M in calendar year = 45bps
$20M in calendar year = 40bps
$35M in calendar year = 35bps
Stay / Advance Rule:
Fund at least 18 clean loans or $6M per year.
Maintain greater than 40% pull through.
Fund at least 18 clean loans or $6M per year.
Maintain greater than 40% pull through.
Pro DIY
$495 Flat Rate
(The best rate in the industry.)
(The best rate in the industry.)
Best For:
Experienced, high‑volume pros who run their own show.
Experienced, high‑volume pros who run their own show.
What You Do:
Accept the application.
Pre-approve.
Process and clear conditions.
Stay compliant.
Accept the application.
Pre-approve.
Process and clear conditions.
Stay compliant.
What We Do:
Lender access.
Compliant oversight
Lender access.
Compliant oversight
Your Cost:
$495 per funded loan.
(The highest take home margin available.)
$495 per funded loan.
(The highest take home margin available.)
Stay / Advance Rule:
Fund at least 36 loans per year.
QC defects less than 2%.
Borrower satisfaction at least 90%.
Fund at least 36 loans per year.
QC defects less than 2%.
Borrower satisfaction at least 90%.
