The 100% Plan: Your Elected Compensation, Less $695 per Funded Loan
For the solo originator: 100% of the compensation you elect, up to 275 bps, less a flat $695 on each funded loan, paid within 24 hours of funding.
The 100% Plan, plainly
Everything that sits between the compensation you elect on a file and the money that reaches you.
Compensation
100% of your elected compensation, less the $695
On each funded loan, $695 comes off the compensation you elected and the rest is paid to you. The fee is a fixed dollar amount, so a larger loan does not increase it.
Election
Up to 275 bps, modifiable quarterly
You choose the level, and you can change it each quarter. One election applies across your files for the quarter, so no single file or borrower gets a separate figure.
Tiers, quotas, caps
None of the three
Compensation is not tiered, so your elected bps apply from dollar one. No production quota applies, and there are no caps.
LOS technology fee
$79.99 a month
Covers ARIVE, the LOS, with unlimited multi-device access. It is billed by the month, so it does not rise with the number of loans you fund.
Where W-2 is required
85% of net after the $695
Wherever state law requires the originator to be a W-2 employee, this takes the place of 100% of the elected compensation less the $695.
Payout
Within 24 hours of funding
The 24-hour payouts walkthrough traces a file from funded to paid.
The compensation page sets the 100% Plan beside the Team Plan.
A $400,000 file on the 100% Plan
One loan size, at 275 bps, which is the ceiling. You elect your own compensation, up to 275 bps, so swap your own number in for the 275.
- Start from the election. 275 bps on a $400,000 loan is $11,000 of compensation.
- Take out the transaction fee. $11,000 less $695 is $10,305, and the fee works out to 6.3% of the compensation on this file.
- The $10,305 balance is disbursed to you within 24 hours of funding.
- Where state law requires W-2 employment, take 85% of the $10,305 instead. That is $8,759.25.
The $79.99 LOS fee is not in these lines because it is charged monthly rather than per loan. And because the $695 holds at any loan size, its share of the compensation moves with the loan. The $695 flat fee page runs the same arithmetic at $200,000 and $900,000.
Illustration: $400,000 loan, 275 bps electedYou elect your own compensation, up to 275 bps
Figures are per funded loan and exclude the $79.99 monthly LOS fee. 275 bps is the ceiling, shown for illustration; it does not describe what any particular originator earns.
Have two numbers ready for the Interview Us questionnaire: your average loan amount and the bps you are paid now. Run them through the four lines above first.
What comes with the plan
The first five are on the compensation page's list of what every plan includes. The DBA program and the loan lineup below are described on the same page.
Loan origination platform
Built-in investor pricing, eDisclosure and eSign, document storage, automated status updates, and AUS in one click.
Consumer point of sale
A mobile-friendly application branded to you, with automated document upload and PDF conversion.
LO-branded credit portal
Your clients consent to, request and pay for their credit reports through a portal with your branding on it.
Direct lender pricing
Competitive retail pricing sits alongside it.
Transition and onboarding
Dedicated transition support and onboarding support when you move your business over.
DBA program
Create your own branding, or keep the brand you already have, through the DBA program.
Loan types on one platform
- Fannie
- Freddie
- VA
- FHA
- USDA
- SBA
- Reverse
- Commercial
- Non-QM
- ITIN
- Foreign National
- DSCR
- No Doc
- Jumbo
More on the product lineup is on the products page.
Built for the solo originator
No team leader and no branch manager on your files. Your election, your pipeline and one $695 per funded loan.
The 100% Plan fits if
- You originate on your own, and no team leader or branch manager shares your files.
- You want to choose your own compensation, up to 275 bps, and revisit it every quarter.
- You would rather carry one flat dollar fee per funded loan than a percentage split, which claims the same share of every file and so costs more dollars as the loan grows.
- You want no tiers to climb, no quota to hit and no caps.
- You want to build your own brand, or keep the one you have, through the DBA program.
Run one number first
The fee is fixed, so it weighs most on your smallest files. Test the plan against the smallest loan you close regularly before you move.
Building a team?
If other originators share production with you, or soon will, the Team Plan divides that same amount, elected compensation less the $695, on a split agreed inside the team.
See the Team PlanComparing shops as well as plans? See what a flat fee mortgage broker should offer.
What originators ask about the 100% Plan
Does the 100% Plan mean 100% of the compensation on a file?
It means 100% of the compensation you elect, less the $695 per funded loan. You also remit the $79.99 monthly LOS technology fee, and where state law requires W-2 employment the rule is 85% of net after the $695.
How much compensation can I elect, and how often can I change it?
Up to 275 bps, with the option to modify your election each quarter. Compensation is not tiered, so you do not have to reach a set volume before your elected bps apply.
Is the $79.99 charged on every loan?
No. It is a monthly LOS technology fee for ARIVE, which gives you unlimited access across multiple devices. A month with more funded loans costs the same $79.99.
What changes where state law requires W-2 employment?
Where state law requires W-2 employment, originators receive 85% of net after the $695 transaction fee. In the illustration on this page, a $400,000 loan at 275 bps, that is $8,759.25 instead of $10,305. You elect your own compensation, up to 275 bps.
How soon after funding am I paid?
Within 24 hours of funding, and the amount is the compensation you elected on that loan, less the $695.
What if I start building a team?
Look at the Team Plan. There, 100% of the elected compensation, less the $695 per funded loan, is shared between the originator and the team leader or branch manager on a split they agree. Each team member either submits through the team leader's LOS access or remits $79.99 a month for individual access.
Put your own numbers through the 100% Plan
The first step is the Interview Us questionnaire, which covers your production, your current comp and the states where you are licensed.
Innovative Mortgage Services, Inc. NMLS ID # 250769 (https://nmlsconsumeraccess.org/)
Equal Housing Lender