Fast and easy to become a licensed MLO
No testing or CE required
Licensed in all 50 states
Earn 1% to 1.4% on closed transactions
Streamlined and transparent process
Dedicated team to support you
Great rates from a Federal Credit Union
Click HERE to create your account. When the page opens be sure to select "Get Give Help". Create your account and use promo code: EARLYBIRD23
Once your account is created it will direct you to your back office where you can complete the following steps. Here is is a link to open your back office - Click HERE
Within your back office, on the right side, click MLO Program.
Click GET STARTED to become a MLO
Acknowledge the agreements. FYI - be sure to scroll through the documents fully before completing at the bottom. After this, you will receive an email from Capital Federal Credit Union.
Complete your NMLS registration - see below video.
It is a simple process. Complete the sign up process and complele the application and get your custom pre-approval link. Simply provide it to buyers and at closing, get paid.
To become a MLO in all 50 states you will become an employee of Capital Federal Credit Union. It is just a simple set of fingerprints and background check. Don't worry, there is no test or continuing education. Once approved, you will have your own custom pre approval link that you can send out to clients. You will be assigned a team to handle the files after a buyer fills out your app. At closing, you get paid 1%. That easy.
You get paid when buyers that used your pre-approval link, successfully close and fund. Earn 1% to 1.4% depending on the price of the property. Your assigned team does the heavy lifting, you simply have buyers use your pre-approval link.
Yes, there is a initial sign up fee of $399 but you get $150 off using the promo code provided above. There is a monthly fee of $89, however if you bring in 5 other MLOs under you, then the monthly fee is removed.
Use promo code provided above to receive $150 off of the initial sign up cost.
Majority of loan types are available. Minimum credit is 580 and minimum loan amount is $50,000. Other than this majority of loan types, refi, second home, and more are available. The best part it is since this is affiliated with a credit union, the rates are great.
Simply provide buyers your pre-approval link and or use it in marketing to have potential buyers complete it and let your internal team take it from there. Plus you have complete transparency into the status of the loan at all times allowing you to create a simpler process for you and your clients.
Absolutely. This is the number one question we get. This program is 5 years in the making and is fully legal. This is why you become and employee of the Credit Union.
The necessary affiliated business disclosures will be provided, and out side of that always encourage your clients to shop and explore loan products and types, but now you can have your name in there.