How much are the royalty or franchise fees?

Zip. Zero.

Is there a commission cap?

No.

Does MLO pay E&O insurance?

Yes, it’s just $40 per transaction with a max of $500 annually.

Does Northeastern Realty provide marketing support?

Yes, Northeastern Realty provides the following marketing support. Northeastern Realty management will review marketing for compliance and provide enhancement suggestions. Most of Northeastern Realty’s  wholesale lenders provide CRM and brandable marketing materials such as emails, flyers, social media content, and more. These types of marketing media are provided at no cost to our Mortgage Loan Originator (MLO).

How do I obtain borrower credit reports?

Our Mortgage Loan Originators have four credit vendor options to choose from. Most credit vendors provide a point-of-sale portal where borrowers can authorize and pay for their credit reports and receive a copy. This approach spares our Mortgage Loan Originator from credit report expenses and streamlines obtaining consumer tri-merged reports.