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Florida Mortgage Brokerage Fee Agreement Form

Florida Mortgage Brokerage Fee Agreement Form

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Video instructions and help with filling out and completing Florida Mortgage Brokerage Fee Agreement Form

Find a suitable template on the Internet. Read all the field labels carefully. Start filling out the blanks according to the instructions:

Instructions and help about Florida Mortgage Brokerage Fee Agreement

hello this is jack miller at gel financial hope you're having a fantastic day i want to spend a few minutes and talk to you about um talk to mortgage brokers i should specify about the two types of arrangements you could have with a borrower one would be a non-exclusive fee agreement which would say that the bar will pays you i'm just going to use one percent if you close the loan but the other is an ex what's called an exclusive fee agreement which means the borrower pays you again i'll use one percent if you close the loan i'm just using one percent as an example to keep it simple self-understood it's whatever you work out uh 90 of the brokers probably 95 of them work under a non-exclusive fee agreement which means that a borrower signs a piece of paper and says if you close the loan they'll pay you the one percent so and that works um and we as lenders at gelt financial and i think most lenders today put the name of the mortgage broker right on our term sheet as well as your points

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