For originators who share production with a team leader or branch manager. On every funded loan, the team shares 100% of the elected compensation, less the $695, on a split the two sides agree on between themselves. Compensation is elected up to 275 bps, and it is paid within 24 hours of funding.
Six terms decide what lands on a team file. Here is each one, in plain numbers.
The originator and the team leader or branch manager share 100% of the elected compensation on each funded loan, less the $695. How it divides is a split the two of you agree on.
A fixed dollar fee, taken once per funded loan and before the split. A bigger file does not make it bigger.
Submit loans through your team leader's LOS access, or remit $79.99 a month for individual unlimited access of your own.
Where state law requires W-2 employment, the team shares 85% of net after the $695, divided on the same agreed split.
Compensation is elected, up to 275 bps, and can be modified each quarter. No tiered levels, so the elected level applies from the first dollar.
Payout is within 24 hours of funding. There are no production quotas and no caps.
The fee math at three loan sizes is worked out on the $695 flat fee page, and the full plan language sits on the compensation page.
The 70/30 split below is illustrative, used only to show the mechanics. Your split is whatever you and your team leader or branch manager agree on. Innovative does not set it.
Notice who carries the fee. Because the $695 comes off the top, each side bears it in proportion to the split. At 70/30, that is $486.50 of it on the originator's side and $208.50 on the team leader's.
Illustration: $400,000 loan, 275 bps electedSplit percentages are illustrative and agreed between the parties
Per funded loan, before the $79.99 monthly LOS fee where it applies. You elect your own compensation, up to 275 bps. Innovative does not set the split. Where W-2 employment is required, the team shares 85% of the net after the $695 instead.
Bring both to the interview, and the conversation starts from your numbers instead of an illustration.
Start the questionnaireIf originators already share production with you, or you want them to, these are the terms you build on.
The $695 comes off the elected compensation once per funded loan, before the split. Two people on a file does not mean two fees, and a larger loan does not mean a larger fee.
Team members can submit loans through your LOS access, so not every originator on the team needs individual access at $79.99 a month.
You and each originator on the team agree on the split between yourselves. It divides 100% of the elected compensation on every funded loan, less the $695.
There are no production quotas and no caps on you or the originators on your team, and payout is within 24 hours of funding.
Start your own branch, virtually or site-based. Create your own branding, or keep what you have, with our DBA program.
Dedicated transition and onboarding support is part of the plan, so the move happens without down time. Originators can be up and originating in 24 hours.
Innovative does not set the split, and the $695 does not change with it.
Originating under a team leader or branch manager? These are the terms on your side of the split.
First, the $695, which comes off once per funded loan before anything is divided. Then the split you and your team leader agree on. And if you take individual LOS access instead of submitting through your team leader's, $79.99 a month.
The $695 does not scale with loan size, so on a larger file a smaller share of the compensation goes to the fee. Where W-2 employment is required, your share is figured on 85% of the net after the $695.
Get the split agreed before you move, then run it through the worked example above using the loan sizes you actually close.
Originating on your own
With no team leader or branch manager sharing the file, the 100% Plan is the fit: 100% of your elected compensation, less the $695 per funded loan, with the $79.99 monthly LOS fee on your own access.
Keep reading
The $695 flat fee
The fee against compensation at $200,000, $400,000 and $900,000.
Compensation plans
The full plan language, side by side.
Pay raise calculator
Your units per month, average loan amount and current comp in bps.
Still comparing shops? Here is what to look for in a flat fee mortgage broker.
The originator and the team leader or branch manager agree on it between themselves. Innovative does not set the split. Whatever you agree on is applied to the elected compensation on each funded loan, less the $695.
Per funded loan. It comes off the elected compensation once, before the split, and the team shares what is left. Two people on a file does not mean two fees.
No. Team members can submit loans through the team leader's LOS access. An originator who wants individual unlimited access remits $79.99 per month.
Where state law requires W-2 employment, the team shares 85% of net after the $695 transaction fee, divided on the same agreed split. Ask us how that applies in the states where you are licensed.
Yes. Compensation is elected, up to 275 bps, and the election can be modified quarterly. It is not set file by file or borrower by borrower, and there are no tiers, so the elected level applies from the first dollar.
Within 24 hours of funding. There are no production quotas and no caps on the team or its originators.
Leading a team or joining one, the first step is the same. Tell us how you originate today and we will take it from your numbers.
Innovative Mortgage Services, Inc. NMLS ID # 250769
Equal Housing Lender