Frequently Asked Questions

Q: How do I get started with MortgageBrokerExpert.com?
A: Complete the contact form on our website. You will be contacted within 24 hours by a MortgageBrokerExpert.com representative to conduct a confidential phone interview.

Q: How long does it take to get approved as a new broker?
A: You can be fully operational within 48 hours.

Q: When will I receive my commission for closed loan files?
A: MortgageBrokerExpert.com processes payroll every Friday. You will be required to submit the closed file to quality control in order to ensure it has met all state specific compliance guidelines. Once quality control clears the file it will be sent to accounting and all funds will be dispersed during the next pay period.

Q: Do I have to commit to stay with MortgageBrokerExpert.com for a certain time period?
A: No. While we consider ourselves one of the best mortgage companies for brokers to be associated with, offering our brokers the ability to broker loans in multiple states, work from home and choose 1 of 2 high-paying commission plans, we hope that you will want to remain with us for a long time. That being said, your association with MortgageBrokerExpert.com can be terminated at any time by either you or MortgageBrokerExpert.com.

Q: How are expenses paid?
A: The individual mortgage broker will be responsible for paying all of their own third-party expenses and fees, e.g. credit reports, postal expenses, etc.

Q: How will I be compensated?
A: MortgageBrokerExpert.com has two commission plans available to choose from: (1) Pay a $395.00 monthly fee and receive 100% of all origination income, including all points, fees, yield spread and SRP provided by the Company plus Volume Incentives by the lender; or (2) Pay no monthly fee and receive a 90% commission split of all applicable revenues listed above. You will be allowed to change your commission plan once every 12 months beginning from your start date.

Q: Why should a mortgage professional consider becoming a MortgageBrokerExpert.com broker?
A: (1) Independence: You will have the freedom to work from your own home or office and at your own pace.
(2) Flexibility: Originate and Fund Loans in multiple states with just one license.
(3) Generous Commission Splits: Up to 100% for as little as $395/month.
(4) Multitude of Banks: Direct access & pricing from your favorite lender.
(5) Total Control: You pick the lender, processor, appraiser and closing agent.

Q: Are there production or volume guidelines set for MortgageBrokerExpert.com brokers?
A: MortgageBrokerExpert.com does not set production guidelines, leaving you to grow at your own pace. Since all you pay is a flat fee you decide how much your volume needs to be.

Q: What are the monthly costs to be a broker?
A: In order to receive 100% of all origination income, including all points, fees, yield spread and SRP provided by the Company plus Volume Incentives by the lender, the monthly fee is $395.00. You can also pay one YEARLY FLAT FEE of $3,950.00 and SAVE OVER $750.00 from your bottom line annually.

Q: What training, if any, does MortgageBrokerExpert.com provide?
A: Upon starting with MortgageBrokerExpert.com, you will go through an orientation session over the phone. You will learn how to use all of our systems to ensure that you can work more efficiently by using our high tech online tools. We are here to help you succeed, so you are always welcome to call and ask for assistance should you have an issue.

Q: Is MortgageBrokerExpert.com set up for government loans – FHA & VA?
A: Yes, with MortgageBrokerExpert.com you will have access to the most diverse mortgage programs such as FHA, VA, Reverse, Conventional, Commercial and much more.

Q: What level of experience is required to work with MortgageBrokerExpert.com ?
A: Since everyone learns at their own pace MortgageBrokerExpert.com does not have a pre-set amount of experience in the business that is necessary to be considered for a mortgage broker position. We encourage anyone who is interested in earning a higher income, enjoying a more flexible schedule and being in control of their own future to fill out the contact form on our website and request a confidential phone interview today!

For more information, please email us or visit our careers page now.