Jackalope - Prius - Innovative Mortgage?!

RETAIL APPROACH:

• MLO sends a scenario to a pricing engine and the retail model kicks out a program and a price - let's hope it works for you!!!!
• Captive to one set of underwriters and underwriting guidelines. 
• Retail pricing has been 1 Point + higher than what we can offer recently. I bet you are losing deals.

BROKER APPROACH:

• MLO can choose which lender to go to and has to choose either Lender Paid comp which can be non-competitive or choose Borrower Paid comp where they have to place and disclose all compensation UP FRONT to the borrower, which also may look non-competitive.

INNOVATIVE HYBRID PRICING MODEL:

• The Best of Both Worlds without the downside. MLOs can choose to go with any of our 60+ approved Correspondent and Wholesale Lenders.
• MLOs use non-captive underwriters and underwriting guidelines
• MLOs can choose to broker the file or use our correspondent investors
• Our broker pricing is raw pricing right from the sheet with no company holdback added on. ITIN, DCSR, Foreign National, Bank Statement, P&L, etc We have that!!
• Our Correspondent pricing is discounted and you can choose to make your compensation in three ways:

1. Collect all of your compensation in Yield Spread
2. Collect all of your compensation up front in Box A
3. HYBRID Approach - Collect some upfront and some in the yield spread. THIS IS THE DIFFERENCE MAKER

• With rates going up and YSP going down, you need flexibility. Offer the lower rates with a small upfront charge and collect the rest of your commission in yield spread. 
• You will capture more business and blow your competition away. Flexibility is the key!

Innovative Mortgage's Hybrid approach meets the true definition - Something of mixed origin or composition; often, a tool or technology that combines the benefits of formerly separate tools or technologies.

Combining the benefits of brokering and lending for the benefit of our amazing originators!

While the hybrid jackalope of western mythical lore does not exist, a better way to originate and grow your business does here at Innovative Mortgage.

Call or click today!

727-222-4575