Loan Officer information

1Fill Out Basic Information

2Paying one-time fee

3Review and Sign agreement

4Grant Access on NMLS

Register Loan Officer

Fill Out Basic Information

Personal Address

This is where the associate lives so the company can set up state income tax deduction accordingly. Any new changes regarding this matter must be reported to the Human Resources Department.

Mailing Address

The company will send W2/W9 to this mailing address at the end of the year. Any new changes regarding this matter must be reported to the Human Resources Department

Others

Loan Factory can sponsor your license if it's Approved–Inactive, Approved, or Pending due to a missing sponsor. If expired, it must be renewed before sponsorship. You may continue onboarding in the meantime, and we'll submit the request once your license is active.

Main target compensation will affect the rates on your pricing engine (on your website), as it will be the built-in compensation for borrower-paid comp (BPC). It will also be the default BPC when converting a loan. You can manually decrease or increase your BPC on a transaction if needed and allowed by the Lender.

We are required to set a correspondent target compensation for the investors we partner with. This setting can only be updated once every 3 months. You are not required to choose between wholesale or correspondent channels—loans can be submitted through either. This field is required to complete your profile setup in our system. Please refer to the Correspondent Handbook for more details.

If you have any questions while completing this form, please contact our Recruiting team at recruiting@loanfactory.com.

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