Low rates and Zero Lender Fees. Knowledgeable staff. Fast turnaround times. Full transparency with agents looking to stay in the loop on their clients transactions, aggressive comp structure for our Realtor partners. We invest in the success of our Realtor partners. Benefit from Zero Mortgage’s national brand and advertising.

That’s the great news! We will cover the cost of licensing, and education. It is roughly $1,200 per realtor, and Zero Mortgage is covering it. 

We will continue to cover your yearly continued education expenses. So, the answer is no :-)

Fraud: you would be equally liable for any fraud that your clients or your commit. For this, we have a compliance department that oversees the operation and all resulting transactions to minimize the liability for all parties along with in-house legal counsel. We take fraud very seriously. 

EPOs: any licensed loan officer at Zero Mortgage will be responsible to return commissions earned in a case of an *early loan payoff triggered by an early refinance of the client, a sale of the home, or a general loan payoff initiated by the customer.

*(A loan that is paid off within 180 days after the loan closing is commonly referred to as an EPO)

The Realtor portal also allows you to price loans for your customers so you always know your customers are getting the best deal.

No, you simply need to share your POS link. Our POS will do everything. 

Chicago Mortgage Solutions is our legal name. We’ve been around for two decades. We do business as Interfirst mortgage company and Zero Mortgage. Those are our DBAs. 

Here is a link to all of the States that we are currently licensed to conduct business in.

You are required to: 

1) Source the leads 

2) Provide the POS link

3) Answers any questions your client may ask (with the assistance of the Loan Manager)

The following responsibilities will be handled by Zero Mortgage.  

Yes. Our RESPA attorneys have crossed their T’s and dotted their I’s to give you the peace of mind in moving forward with this opportunity. In fact real estate agents traditionally were permitted to be licensed for both lending and real estate. But recent changes in HUD regulations actually allow you to now participate as both a real estate agent and a loan officer on the same transaction!

We pay out your commissions on the second payroll of the following month. Our payroll system  is bi-weekly. 

You will be paid 50 bps on each loan that you close or refer to another licensed loan officer within the company. Average loan amount is $350,000. At 50 bps payout, you can expect a $1,750 commission payout. An average client is typically equal to 3-4 loans within a 5-7 year time. 

We offer a recoverable draw of the minimum wage per the state you are licensed in, for 15 hours per week. 

Should create an excel calculator for this.

1st Tier Loan Officer Recruited           10 bps on Funded Loans

2nd Tier Loan Officer Recruited        7 bps on Funded Loans

3rd Tier Loan Officer Recruited         5 bps on Funded Loans

4th Tier Loan Officer Recruited         3 bps on Funded Loans

We have an interactive calculator that allows you to simply put in your anticipated transaction volume and the average value of each transaction and we will calculate the potential revenue opportunity. See calculators.