Fairview Commercial Lending Brokering Loans FAQs
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- How does a mortgage broker get paid?
Prior to issuing our loan commitment we receive a copy of the fee agreement between the broker and the borrower. This information is given to the closing agent and compensation is disbursed at closing.
- What do I need to do to get set up as a broker with you?
There is no setup process to fund a loan through Fairview Commercial Lending. We do require a copy of a fee agreement between you and the borrower. The mortgage broker needs to ensure that they are licensed in their respective state.
- Is there Yield Spread?
Unfortunately we require all fees to be up-front on the settlement statement and do not allow up-selling of rates for the broker to fain more fees.
- Do you allow table fundings?
No, not at this point in time. All loans are closed in Fairview Commercial Lending’s name.
