Innovative Mortgage Services is licensed in Rhode Island and built for MLOs who want to keep more of what they earn. A flat 275 bps on every loan, a single $695 transaction fee, no quotas, and the lenders and technology to compete anywhere from Providence and Warwick to Newport, the East Bay, and South County.
Interview Us!A compensation model and origination platform designed around the MLO — not a big-bank P&L. Here is what changes the day you join.
Earn a flat 275 bps on every loan and keep the rest. No tiers, no graduated splits, no fine-print asterisk — you make top compensation from the very first dollar.
A single $695 transaction fee per funded loan — that's it. No hidden desk fees layered on top, so you always know exactly what you take home.
Your commission is paid within 24 hours of funding. No waiting two weeks for a payroll cycle to see the money you already earned.
No monthly minimums, no commission caps, and no manager taking a cut of your production. Originate at your own pace and own 100% of your pipeline.
Originate from any device on Arive, our modern loan origination system. Borrowers apply, upload documents, and order credit through a dynamic point-of-sale portal.
Rhode Island is one of 25 states where Innovative is licensed. Carry your book across state lines and write loans with 100+ lenders and investors.
Rhode Island may be the smallest state, but it is a deep and varied lending market — from the urban core of Providence, Cranston, and Pawtucket to the suburban demand around Warwick and the Blackstone Valley, the coastal and second-home market on Aquidneck Island and in Newport, and the South County shoreline along Narragansett Bay. Many borrowers commute toward Boston, plenty are self-employed or own multiple properties, and the older housing stock means renovation and condo scenarios are common. To compete here, a MLO needs sharp pricing, a deep product shelf, and a back office that actually has their back. That is exactly what Innovative Mortgage Services was built to provide.
We are a small-business-minded brokerage that has served licensed mortgage loan originators across the country since 2004. Our management team brings 75 years of combined mortgage-industry experience, and our professional compass has always pointed to ethical loan origination, attentive compliance, and heightened quality control. We hold ourselves — and every Innovator — to a simple standard: do the right thing.
Rather than a tiered corporate split that quietly shrinks your check as the company grows, Innovative gives you a flat, transparent 275 bps on every loan and a single $695 transaction fee. There are no production quotas to hit and no caps on what you can earn. You stay independent, you keep your relationships, and you keep the lion's share of every commission.
Joining Innovative does not mean going it alone. Rhode Island originators joining Innovative receive hands-on onboarding, LOS training, pipeline support, and disclosure support from a team that cares about your success. Our job is to clear the path so you can focus on capturing business and funding loans — whether you are working with first-time buyers, self-employed borrowers, or repeat clients across the Ocean State.
With more than 300 MLOs on the platform and a 100% remote-friendly model, you can build your Rhode Island business from a home office while drawing on the resources of a far larger operation. Let's talk about your move to Innovative.
Innovative's 100% compensation plan is refreshingly simple. You earn a flat 275 basis points on every funded loan, remit a single $695 transaction fee, and take home the difference — paid within 24 hours of funding. No tiers, no caps, no surprises.
Want to see what that looks like against your current split? Run your own numbers in our compensation calculator.
Calculate My Pay RaiseIllustration only, using a flat 275 bps and one $695 transaction fee per loan. Actual figures vary by loan, channel, and compensation election. See our compensation page for full plan details.
Rhode Island borrowers come with every kind of scenario. Innovative gives you both correspondent and broker channels — plus access to 100+ lenders and investors — so you can place the loan that actually fits.
Fund and close in Innovative's name, then sell to a broad menu of investors. Correspondent execution can mean stronger pricing and more control over the file from application through funding.
Shop 100+ wholesale lenders and investors to find the sharpest rate and program for each borrower — conventional, FHA, VA, jumbo and more — without retail overlays getting in your way.
Mortgage lending is a regulated business, and we treat it that way. Here is the licensing and compliance information every Rhode Island MLO should know before partnering with us.
Innovative Mortgage Services, Inc. (NMLS #250769) is licensed to originate mortgage loans in Rhode Island and is one of 25 states in which we are licensed. We are an Equal Housing Lender, committed to fair and equal access to credit for all qualified applicants.
For Rhode Island license numbers and all state-specific license designations and notices, please review our State License Designations page. You can confirm our company and individual mortgage loan originator licensing anytime through the Nationwide Multistate Licensing System at NMLSConsumerAccess.org.
Innovative Mortgage Services, Inc. — NMLS #250769 — established 2004. Corporate office: 17717 Hunting Bow Circle, Unit 101, Lutz, FL 33558 · 727-372-8059 · info@innovativemlo.com.
The company may or may not fund loans under the advertised program. Loans may be arranged with third-party providers. All loans are subject to credit approval, underwriting guidelines, and applicable state and federal regulations. Compensation figures referenced on this page are illustrative; actual compensation varies by loan, channel, and election. This is not a commitment to lend.
The support you expect, the compensation you deserve. Let's talk about your move to Innovative — interview us and see if we're the right fit.