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.

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All compensation plans include:


  1. Correspondent channel commissions disbursed within 1 -business day of funding.
  2. Wholesale brokered transactions compensated within 3-5 business days after funding.
  3. Mobile friendly, originator branded, dynamic consumer point of sale application with automated document upload & pdf conversion.
  4. Advanced loan origination platform with built in investor pricing, eDisclosure & eSign, document storage, automated status updates, & 1-click run AUS.
  5. LO branded credit portal where clients consent, request & pay for credit reports.
  6. Dedicate transition support & onboarding support.
  7. Direct lender pricing & extremely competitive retail pricing.
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See Our Compensation Plans Below!

Innovative mortgage says you should be enhancing your business plan
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100% Plan

100% Plan, $595 Transaction Fee

Loan originators remit a technology fee to our LOS provider in the amount of $79.99/month for unlimited and multi-device access. Originators elect their compensation quarterly. Originators collect revenue on each transaction equivalent to their elected compensation for TRID regulated transactions (non-TRID loans fall outside of the compensation rule). 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.

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Team Plan

100% Team Plan, $595 Transaction Fee

Submit loans directly through the Team Leaders LOS access or remit a technology fee in the amount of $79.99/month for individual unlimited LOS access.  Originators elect their compensation quarterly. Originators collect revenue on each transaction equivalent to their elected compensation for TRID regulated transactions (non-TRID loans fall outside of the compensation rule). 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.