Registration of Loan Inquiries.
All properly drafted and submitted inquiries received through a brokerage source are logged upon receipt.
Commissions.
We have a policy of honoring brokerage fee agreements with bona fide, licensed commercial mortgage brokers. All such arrangements must be in writing between the broker and C. L. Moore Financial. If a proposed transaction package has been submitted by more than one broker, only the first substantially complete submittal shall be acknowledged and registered for commission consideration, unless one of such brokers has a written agreement from the prospective borrower or legally empowered project sponsor to the contrary.
Judgments as to the completeness of the submission will remain the exclusive province of C. L. Moore Financial. As a minimum, a complete submission will require completion of the appropiate Project Qualifier Information Form (see below) or equivalent. Also required is the completed Loan Package ChecklistForm (see below) or equivalent, as well as an executive summary of the proposed transaction prepared by the submitting broker.
Referral Fees.
The Company has a policy of honoring referrals from bona fide, licensed mortgage brokers by payment of a fee of up to 25 basis points for referrals resulting in a closed loan. All such arrangements must be in writing between the broker and Bankers Capital Resources, Inc. If a proposed transaction package has been referred by more than one broker, only the first referral shall be acknowledged and registered for referral fee payment. In order to qualify for a referral payment, download the Mortgage Broker Referral Form now (see below).
How To Do It.
By entering the following requested information, we will be able to provide you with a one business day email or telephonic evaluation of the kind of loan for which your project qualifies. Some of the mortgage loans that are available are requested infrequently enough that we have chosen not to include information fields about them here.
Most of the fields are mandatory, since the program is scripted to do a lot of the preliminary screening for us. So please be complete.
Credit application, data and personal information verification is not done online. It requires document submission and verifications via conventional means.
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