INDEPENDENT AFFILIATE PROGRAM
Affiliates can earn compensation on the following:
1. Loan origination and processing. PMA will pay you 50% of our Broker Fee paid on any successfully closed loan through one of our partner lenders. We will pay the Affiliate 48-72 hours after funds hit our account.
2. PMA will compensate our Affiliates $500.00 for any coaching student who enrolls in our program. Our program is $2,499.00 for 1 year. It is paid up front. Your responsibility will be to bring in a signed agreement and enroll the student in our program. You will be compensated within 48-72 of payment hitting our account.
3. PMA will compensate our Affiliates $500.00 per enrolled member of our Closed Membership Fund. This will be paid in 2 installments. $250.00 upon enrollment and $250.00 upon the final payment being made by the member.
Affiliates will receive marketing, materials, lender documents, enrollment and sell sheets. You will also receive a business card template but as an Independent Affiliate you will be responsible for buying your own cards. Upon your first transaction PMA will open a company email for you with our provider firstname.lastname@example.org
Affiliates shall have an LLC or Corporation and provide a Tax ID/ W9 to PMA for payment and taxes. As an independent affiliate you are responsible for paying our own taxes and other financial responsibilities.
Affiliates who use PMA for their own funding shall receive it commensurate with their commission. If you get a loan through us and our broker fee is normally 3% we will only charge you 1.5%.
*** Disclaimer: some lenders have a minimum of 2%.
For Brokering Loans you will need to submit the following items provided by the client:
1. Broker Fee Agreement (Signed)
2. Executive Summary
3. Deal Background Report
4. Loan Application
5. Credit Application if required by the lender. (soft pull)
6. Zero Tolerance for Fraud
7. Schedule of Real Estate Owned – Not every lender.
8. Schedule of Real Estate Sold – Not every lender.
9. Scope of Work
10. Any lender required docs.
PMA will coordinate the Appraisal, Title Work, Bank Statements and other necessary items!
Affiliates are not employees of Private Money Authority Inc. You are an Independent business promoting our services, products and coaching.
Affiliates will receive our services and products at 50% off. This is equal to your compensation. Affiliates who recruit other Affiliates may receive compensation for that up to an additional 25%. You will be responsible for your downline and managing workflow.
If this is something you want to do please sign and date below and return to email@example.com
Approved by Private Money Authority Inc.