Compensation

Innovative Mortgage Services

It PAYS to be Innovative. Innovative Mortgage offers three compensation plans. Each plan empowers mortgage 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 mortgage loan originator's elected compensation and disburses the balance to the mortgage loan originator.

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What's Included

All compensation plans include:

Fast Correspondent Pay

Correspondent channel commissions disbursed within 1-business day of funding.

Quick Wholesale Pay

Wholesale brokered transactions compensated within 3-5 business days after funding.

Consumer Point of Sale

Mobile friendly, originator branded, dynamic consumer point of sale application with automated document upload & pdf conversion.

Advanced LOS Platform

Advanced loan origination platform with built in investor pricing, eDisclosure & eSign, document storage, automated status updates, & 1-click run AUS.

LO Branded Credit Portal

LO branded credit portal where clients consent, request & pay for credit reports.

Transition & Onboarding Support

Dedicated transition support & onboarding support.

Direct Lender Pricing

Direct lender pricing & extremely competitive retail pricing.

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Innovative Mortgage says you should be…

Enhancing Your Business Plan

For a future in the mortgage industry.

Will your current compensation plan and product platform financially sustain you in a slowing mortgage market?

Strengthen and secure your options.

Anyone can make good money in a good market. Who makes good money in a down market? You will need to make more money on fewer loans. You will need to make more loans with new products. Staying where you are and making fewer loans is not a solution.

Control your production and compensation.

Innovative Mortgage Services

You choose your own compensation
You choose what lenders to use
You make top compensation from dollar $1 — there are no tiered compensation levels — Make 275 BPs from $1

Grow your business!

Who has every loan that is available on one simple and efficient Loan Platform? — WE DO!!! Innovative Mortgage Services

Fannie, Freddie, VA, FHA, USDA, SBA, Reverse, Commercial, NON QM, ITIN, Foreign Nat'l, DSCR, NO DOC, JUMBO

Transition — do it now and get ready for unparalleled results

Our team will help you transition with no down time.

Be up and originating in 24 hours.
Create your own branding or keep what you have with our DBA program.
Start your own branch (virtually or site-based) or be a sole originator.
YOU = 100 BPS X $400,000 ORIGINATED = $4,000
INNOVATIVE MORTGAGE = 275 BPS X $400,000 = $11,000

If the market is keeping you from making more loans, make more on each loan you make with Innovative Mortgage. Calculate your raise at innovativemlo.com!

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Our Plans

See Our Compensation Plans Below!

Two ways to get paid — pick the one that fits how you originate. Elect and modify your compensation every quarter; one flat transaction fee, the balance is yours.

100% Plan

100% Plan, $695 Transaction Fee

For the solo originator who keeps everything they earn.

  • Loan originators are compensated 100% of their elected compensation less $695.
  • Loan originators remit a technology fee to our LOS provider in the amount of $79.99/month for unlimited and multi-device access.
  • For W-2 states originators are compensated 85% of their elected compensation after deducting the $695 transaction fee.*

Team Plan

100% Team Plan, $695 Transaction Fee

For teams sharing production with a leader or branch manager.

  • Based upon an agreed upon split, mortgage loan originators and their team leader/branch manager share 100% of their elected compensation less $695.
  • 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.
  • For W-2 states, based upon an agreed upon split, mortgage loan originators and their team leaders share 85% of their elected compensation after deducting the $695 transaction fee.*

What both plans include

  • 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).
  • Originators are compensated individually on a 1099 basis as independent contractors where permitted.
  • Originators are responsible for all their individual expenses.*

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

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

It PAYS to be Innovative

You choose your compensation, you choose your lenders, and you make top compensation from dollar one. See what your move to Innovative could mean.

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