In RELO Funding transactions, the RELO Agent is the Loan Officer. The RELO Agent’s name and license info are shown on the loan application (1003) as the Loan Officer of Record. The only loan compensation you earn on a transaction is commission as the mortgage loan originator. This is an important concept. Real Estate and residential mortgage lending are both heavily regulated industries, as you well know. The RELO Funding program was designed to be fully compliant with all these requirements. Loan compensation is determined much like Real Estate commissions. When your mortgage transaction is completed (aka closed or funded), your loan compensation is determined by multiplying the loan amount by your loan commission rate. For example; Your customer, John Smith, is purchasing 1234 Main Street for $400,000 with 25% down payment and a mortgage amount of $300,000. The transaction closes on January 15th. Your Loan Compensation would be $1,500 and payable on February 20th.

Loan Amount	$300,000
Loan Commission Rate:	50	BPS (or .5%)
Loan Commission	$1,500

In RELO, the loan commission has already factored in all mortgage costs and expenses.  In this example, the $1500 is your net loan compensation earnings.