BAY MOUNTAIN CAPITAL WANTS TO SEE YOUR DEAL

We make it is easy to get paid for brokering or referring a loan

 

Here’s our Mortgage Broker Policy:

Prerequisite

  • Register on the BMC website (using contact form on this page)
  • Disclosure of any separate fee agreement with prospective borrower
  • Broker is acting as the intermediary between BMC and Borrower

Fees

With Fee Agreement from Borrower

  • Fee agreement must be provided to BMC and title company
  • Fee to be reflected on terms sheet
  • Fee to be reflected on settlement statement

Without Fee Agreement from Borrower

  • Fee shall be equal to 1% of the loan amount
  • If there are multiple brokers the fee paid by BMC shall not increase

Future Business with Referred Borrower

  • If brought to BMC by Broker, same as above policy
  • If loan is brought directly by Borrower to BMC (Broker not actively involved), then BMC shall pay a fee to Broker equal to 0.25% (25 basis points) of the loan amount

Here’s our Referral Policy:

  • BMC will pay 0.10% (10 basis points) of the loan amount for any referral that results in a closed loan, with a $300 minimum referral fee

Bay Mountain Capital’s Mortgage Broker and Referral Policies are subject to modification at the discretion of BMC at any time.

Broker Registration