CLIENT REFERRAL PROGRAM AGREEMENT
We want to reward you for referring quality clients! To our client referral program is Nationwide Mtg Bkr's way of saying “thank you” for your partnership! As an invite only program, we identify and select industry leaders with clients who have investment opportunities. We offer the most competitive FixNFlip, Rental and Multifamily products in the market. We offer you quicker, easier opportunities to close more deals – and we want to thank you for the leads you send us.
HOW DO I REFER A CLIENT?
Complete the form above and send a W-9 to your Nationwide Mtg Broker's sales contact. Upon approval, you will be able to refer a client to your sales contact via email, call, text.or your private login link at the bottom of the page. You could login after your approval not before.
HOW DO I GET PAID?
You will receive a referral fee equal to 0.50% of the total loan amount for the first loan for each client that funds as a result of
your referral. You will receive your referral payment the month after the loan funds. For example, you will receive payment in October for a referred loan that closed in September.Clients must be introduced pre-application for you to be eligible for a referral payment.
WHO CAN I REFER?
You can receive compensation for all new clients you refer to Nationwide Mtg Broker's. A “new” client is defined as a client who has not had an application with Nationwide Mtg Broker's. the last 24 months or closed a loan with Nationwide Mtg Bkrs. in the past. You cannot receive referral compensation for personal deals or deals for any business entity in which you have or have had an ownership stake. Nationwide Mtg Broker's. always advocate for the preservation of the referral relationship.
Referring Party recognizes that Nationwide Mtg Broker's is a private money mortgage broker lender which funds non-owner-occupied mortgage loans for real estate investors.
Referring Party is and shall be responsible for being in full compliance with Laws of the state in which the Referring Party transacts business. Referring Party shall make prompt, timely, full, accurate, and truthful disclosures to Nationwide Mtg Bkrs and prospective clients. Referring Party is an independent contractor and shall not represent itself in any manner to be the agent, servant, employee, representative, partner, or co-venturer of Nationwide Mtg Bkrs. Referring Party acknowledges that they are current on any active Nationwide Mtg Broker's Referring Party acknowledges that they have made Nationwide Mtg Bkrs. of any criminal convictions or current/pending civil/criminal actions. Referring Party acknowledges that failure to disclose this information will result in removal from Nationwide Mtg Bkrs. Referral Program, and forfeiture of any outstanding fees.
Referring Party shall not submit deals on behalf of a family member unless explicit permission from Nationwide Mtg Bkrs. has been obtained. Family members may always apply through standard retail channel. Referring Party must make Nationwide Mtg Bkrs. aware if they have any interest in the transaction outside of acting as the Referring Party. Personal deals by the Referring Party will be priced at current retail pricing.
Nationwide Mtg Broker's. the right to remove a Referring Party from a deal for any reason at any time, including upon request of the client.
Referring Party shall have no authority to solicit, bind, or Nationwide Mtg Bkrs. any contract or transaction, whether for replacement of a loan or for any other purpose, and Referring Party shall not represent in any manner to anyone that Referring Party has such authority.
,Nationwide Mtg Broker's. in its sole and absolute discretion, may elect to accept or reject any mortgage loans submitted to it by Referring Party under Agreement. Final approval of any mortgage loan is contingent upon satisfactory completion of Nationwide Mtg Broker's. underwriting of both the borrower and the subject property. Nationwide Mtg Broker's.may terminate this agreement at any time.
Nationwide Mtg Broker's. choose to alter the terms of this agreement at any time. The referral partner will be notified in writing of the changes and may choose to continue to participate or terminate the relationship.
Loan Amounts and Funding Programs.
FixNflips minimum loan amount $75k to $3 Million
Build 2 Rent $50k to $1.Million
New Construction $100k to $3 Million
Distressed multifamily properties Loans up to $20 Million +