OUR COMPENSATION. The lenders whose loan products we distribute generally provide their loan products to us at a wholesale rate. The retail price we offer you, your interest rate, total points and fees is based on the lender’s available programs in which you have expressed an interest and for which you qualify. We will provide a minimum of three loan options for your review and selection. Our compensation with each lender is based on a fixed percentage of the amount of credit advanced to you and will not vary based on the terms and conditions of your loan. Our compensation is paid in whole by either you or the lender. If our compensation is paid by you, the lender is prohibited from compensating us on the same transaction. If our compensation is paid by the lender, we are prohibited from receiving compensation from you or from any other source on the same transaction; we are also prohibited from reducing or increasing our compensation on such lender paid transactions. We may collect pass-through fees on behalf of third party service providers, including, but not limited to credit reporting agencies, appraisers and title companies. We do not “up charge” such fees and no portion is retained as compensation.
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Sources: Mortgage Loan Origination Agreement, Mortgage Loan Origination Agreement