What is the Mortgage Partner Program?
The Mortgage Partner Program is exclusively designed for Real Estate Agents, Financial Planners, CPA’s, Attorneys, Insurance Agents and Sales Professionals. As an associate you can offer the convenience of one-stop shopping can save your client’s time and money. Through this affiliation you can provide a value added service and protect your clients from the big banks and large mortgage banking companies that are constantly stealing your clients. You can generate significant income from your current database.

Helping clients gather information on home financing is probably something you already do, so why not get paid for it!

Do I need an individual mortgage license to participate?
Transcontinental Lending Group is licensed in the following states: California, Colorado, Texas, Florida, North Carolina, Texas, Mississippi, Minnesota and Tennessee. Some states require that the loan officer must be licensed. Florida, like many other states, does not require a mortgage license as long as you are a W2 employee of the company. In those states that require licensing we will guide you through the entire process.

Why must I become an employee of Transcontinental?
It’s simple, easy and legal. Florida and many other states permit a W2 employee to work without a license. In our system, you are treated as an outside commissioned salesman and will be paid by Transcontinental for each mortgage loan submitted and closed by Transcontinental Lending Group.

Is it legal to be compensated for performing mortgage origination services?
Absolutely, RESPA guidelines allow our “Mortgage Partners” to be legally compensated for performing mortgage origination services. The fast and easy Transcontinental Mortgage Partner Program was developed and based on RESPA guidelines and other applicable Federal laws.

What kind of lending products can I offer my clients?
Currently Transcontinental offers a wide array of lending products. As soon as you complete your training, you can begin to offer competitive purchase or refinance, first, second and equity line mortgages. In addition, you can offer commercial financing, construction loans, equipment leasing and boat financing.

Can I be paid on FHA Loans?
No, FHA loans may not be originated under the Mortgage Partner program, however, there are numerous, look alike, conventional programs that may offer the same advantages as FHA loan programs.

How much can I earn?
Our compensation programs pays up to 85% of the gross revenue generated on the loan. Please contact the person that introduced you to our company to discuss your individual compensation package.

What do I have to do to be paid?
In order to earn a fee for the origination of a mortgage loan, the associate must perform specific tasks. You will learn how to quickly and efficiently perform these tasks during our weekly conference calls and monthly training seminars. Six of the following tasks must be completed in order to receive compensation:
• Complete the initial loan application (mandatory).
• Provide the borrower with a good faith estimate and company disclosure.
• Help the borrower gather supporting documentation.
• Shop the rates.
• Collect a $275 check for an application fee.
• Order the Appraisal.
• Order the Title.
• Order the Credit check.
• Stay in diligent contact with the borrower.
• Attend the closing (optional).
Your Senior Loan Officer or Branch Manager will supervise all work.

Can I offer my clients a service guarantee?
Transcontinental guarantees that the borrower will close on time, or we pay the borrower and seller $100 every day the loan goes past the closing date for a maximum of 7 days. The borrower must have their opening documentation submitted to Transcontinental Lending Group within 3 business days. The Guarantee is for purchase transactions only. The Guarantee is valid for the product selected at the time of the loan submission.

This guarantee does not apply if any documentation, including, but not limited to, income assets, appraisal, title, loan amount, and product, changes from the date of submission. This guarantee will not apply to transactions where the loan closing date is less than 30 days from the date of submission. Transcontinental is not responsible for delays caused by third parties.