Is LoanMe going to disrupt our space?
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  1. 01-25-2016, 08:21 PM #1
    BigIz
    BigIz is offline
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    Quote Originally Posted by BW Capital Solutions View Post
    That 10% up front fee can sometimes be a deal killer. If they could mitigate that somehow...I could see using them more often.
    I believe that is what they pay the Broker's 5% commission with and they keep 5% for their team.
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  2. 01-26-2016, 03:02 AM #2
    Triton
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    Quote Originally Posted by BigIz View Post
    I believe that is what they pay the Broker's 5% commission with and they keep 5% for their team.
    They give 5% commission after the 10% origination is taken out.
    So if the loan is $100k and the 10% origination comes out you only get 5% of $90,000.
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