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Current LoanWorks Special
 | | | Save Your Clients Money | | | | | | | | |
Introducing LoanWorks' 'Match' program.
What is it? It's an opportunity to save your clients hundreds of dollars.
LoanWorks allows Associates to reduce their commission as a sales concession to their clients. Every dollar by which an Associate reduces his or her commission (limit 1/4%) is passed directly to the client in the form of reduced closing costs. In addition, LoanWorks will match the Associate's sales concession, dollar-for-dollar.
How does this benefit my client and me?
The benefit to your client is the savings they will realize as a result of your sales concession and LoanWorks matching contribution. If you choose to reduce your commission, LoanWorks will match your reduction.
Your client receives the full benefit of the reduction, requiring less money to close. In addition, your ability to negotiate the discount points affords you more control over the transaction. If you determine it is essential to reduce the costs of your client's loan in order to close the sale, you can reduce them at your sole discretion...that's empowerment your clients will certainly notice and appreciate.
How does the program work?
The program is really very simple. Current Associate compensation is 1/2% on funded dollar volume. All Associates can elect to reduce their commission up to 1/4% (.25 points) and pass the savings on to their client. LoanWorks matches the Associate sales concession dollar-for-dollar, making the total possible reduction to the borrower 1/2%.
For example, you may choose to reduce your commission to 1/4% instead of the usual 1/2%. LoanWorks will match your reduction making the total reduction in costs to your client 1/2%. On an average loan amount of $200,000. that's a savings of $1,000.
In order to take advantage of this program, simply notify your Loan Consultant that you would like to reduce your client's closing costs by waiving some or all of your compensation. LoanWorks will automatically match your reduction up to 1/4% (.25 points). Specify the loan number, current discount points and the amount (in 1/8th increments) you are electing to waive.
For more information call 1-888-930-FUND (3863),or contact your Relationship Manager
LoanWorks Match Program: Offer subject to change without notice, not valid on HELOC or second mortgages. Associate commission reduction limited to 1/4%. LoanWorks matching reduction limited to 1/4%. Total reduction to borrower limited to 1/2%. Total reduction cannot exceed borrower closing costs. Cannot be combined with any other offer or discount.
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