Becoming an approved Mortgage Broker is easy:
Just complete an application and provide a few documents.
- Be sure the Broker application, Broker Agreement and forms are signed by the Broker of Record / Company Owner as indicated
- Normally the slowest part of the Broker approval is getting referrals. We require 3 completed referrals. If you can provide 4 or 5 referrals that may help us get the 3 referrals we need faster, which will speed up the process.
- We pull a “soft” credit report (does not show as an inquiry) on all principals with 10% or more ownership interest in the company. Be sure to provide both signed authorizations from each 10%+ owner.
Compensation plans for the company are set for each calendar quarter. You can change the company compensation plan by providing us with a new fully completed, signed compensation plan agreement at least 2 working days before the start of a new quarter.
Your MMC Wholesale Representative will be happy to answer questions regarding the application process or any other topic. We work hard to make it easy for you.
Please click the continue button to get to the documents you will need to fill out.