New Opportunities in Brokering Mortgage Financing
IRESE offers new opportunities to earn recurring commissions for mortgage bankers, mortgage brokers, real estate agents and brokers, and financial advisers.
When you originate or financed mortgage at IRESE, you earn a recurring commissions for the life of the loan.
Alternative to Government Mortgage Financing
Although the government continues to subsidize mortgages, only 1 in 10 households is able to qualify. IRESE offers an alternative means to finance a mortgage with competitive financing of each individual loan. Investors compete to bid on a loan that is tied to a specific property through a Dutch auction. As a result, we finance existing mortgages at competitive rates determined by investors that bid down the rate.
Competitive Mortgage Financing
IRESE offers another option to finance mortgages at the most competitive rates.
Consider these reasons to use IRESE’s
Mortgage Financing to finance mortgage at IRESE:
- Homeowners receive a competitive rate set by the market, based on the property and borrower risk profile;
- Mortgage brokers and banks are able to finance loans at competitive rates;
- Mortgage brokers use IRESE to finance loan portfolios that do not qualify for purchase by the US government.
Recurring commissions for the life of the loan
When you originate Mortgage Financing at IRESE, you earn commissions at origination and every month for the life of the loan.
For example, if the loan amount is $250,000 and IRESE charges a 1% origination fee ($2,500), you receive up to 50% of this amount, or up to $1,250,
plus up to 50% of the servicing fees IRESE collected, which adds up to $24,133 for a 30-year loan.
IRESE offers an alternative to non-existing private mortgage loan securitization.
Although the government continues to subsidize mortgages, only 1 in 10 households is able to qualify.
IRESE offers an alternative means to finance a mortgage with competitive financing of each individual loan.
Property Owners work with Brokers to finance a mortgage by many investors instead of one bank, thus investors compete to bid on a loan through an auction.
As a result, we finance new and existing mortgages at competitive rates determined by investors that bid down the rate.
For example, the homeowner would like to refinance $200,000 mortgage at maximum rate of 5%. Through an IRESE Broker, the homeowner prepares a Mortgage Financing application for a specific term of 30 years, with an maximum interest rate they are willing to agree to.
Once the application is approved, the rate is determined by investors who bid down the maximum rate based on their initial mortgage risk assessment.
Once the sufficient amount is raised, and the auction is closed, the final interest rate is set based on best rate committed by investors required to finance the loan amount.
The Broker completes the loan origination.
Once the mortgage is originated anc closed, the mortgage owner will be obligated to make monthly payment, interest plus principal, for a duration of the note or until the property is sold or refinanced.
At that point, investors receive the remaining balance of the note principal back.
The Broker might be responsible for the customer service, loan servicing and any other loan related activities and forwards the payment to IRESE, unless the owner uses automated payment system provided for free by IRESE.
A Mortgage Financing provide property owner with a competitive mortgage financing, low interest rates bid down by investors and lower closing transaction cost then traditional mortgage financing.
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Learn more about Mortgage Financing from Property Owner perspective.