Quote Originally Posted by KTK View Post
MFS's 20 point commission is smoke and mirrors. They approve the guy for the same amount any other lender will. But essentially fund that over 8 installments 6 weeks apart and pay you 20 points on the first round and 10 on every other funding. They just re-fund the guy his own money back 7 more times after he pays the first round.

Don't get me wrong - from my understanding they will do deals most won't and can def serve a purpose but I think they actually work out to 11 points of the full 8 installment funded amount which ends up being pretty typical, except you have to wait like a year to get it.
OK! I thought I was maybe going crazy back then... That's more like what I remember. Great set of folks! but not paying ACTUAL 20 pts commissions... 11 pts not so bad anyway.