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.