COMPENSATION

Innovative Mortgage Services

It PAYS to be Innovative

Innovative Mortgage offers three compensation plans. Each plan empowers loan originators to elect and modify their compensation quarterly. Originators can also modify their plan quarterly as well. Innovative deducts a flat transaction fee from the loan originator's elected compensation and disburses the balance to the loan originator.

Calculate My Potential Earnings!

All compensation plans include:


  1. Correspondent channel commissions disbursed within 24-business hours of funding.
  2. Wholesale brokered transactions typically compensated within 3-5 business days after receiving funds and a complete loan package.
  3. Mobile friendly originator branded dynamic consumer point of sale online loan application with rules based document upload.
  4. Advanced loan origination platform with built in investor pricing, eSign, document storage, automated status updates, and 1-click run AUS.
  5. Optional Mobile Mortgage Application ($100/quarter).
  6. Personalized credit portal where clients can pay for and consent to credit reports.
  7. Dedicate transition and onboarding support.
  8. Direct lender/investor pricing.
Calculate My Potential Earnings!

See Our Compensation Plans Below!

100% Plan

100% Plan, $595 Transaction Fee

Loan originators remit a technology fee to our LOS provider in the amount of $84.99/month for unlimited access or $42.99/month for occasional access. Originators elect their compensation quarterly. Originators collect revenue on each transaction equivalent to their elected compensation. Loan originators are compensated 100% of their elected compensation less $595. Originators are compensated individually on a 1099 basis as independent contractors where permitted.  For W-2 states originators are compensated 85% of their elected compensation after deducting the $595 transaction fee. Originators are responsible for all their individual expenses.*


Want to learn more about joining our team? Request More Information.


*Some states require W-2 compensation of loan originators.  Please contact us to learn more about Innovative's 100% compensation plans for W-2 states.

Team Plan

100% Plan, $595 Transaction Fee

Loan originators remit a technology fee to our LOS provider in the amount of $84.99/month for unlimited access or $42.99/month for occasional access. Originators elect their compensation quarterly. Originators collect revenue on each transaction equivalent to their elected compensation. Based upon an agreed upon split, loan originators and their team leader/branch manager share 100% of their elected compensation less $595. Originators are compensated individually on a 1099 basis as independent contractors where permitted.  For W-2 states, based upon an agreed upon split, loan originators and their team leaders share 85% of their elected compensation after deducting the $595 transaction fee. Originators are responsible for all their individual expenses.*


Want to learn more about joining our team? Request More Information.

*Some states require W-2 compensation of loan originators.  Please contact us to learn more about Innovative's 100% compensation plans for W-2 states.

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