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Revenue Share Offered By Lenders
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Several companies, including Gustan Cho Associates and NEXA Mortgage divisions, incorporate revenue share and residual income programs for loan officers. Such systems allow for passive income. Loan Officers can create a “downline” or group of recruits to earn further up the ranks. This is how it is done in summary:
Revenue Share Program: Mortgage companies such as Business Loan Solutions allow their members to earn a percentage from the loans issued to applicants by loan officers. This percentage extends through three tiers of recruitment. This business format concentrates on building a unitary source of Revenue, in which the recruiting loan officer profits from their loan originations and the loan originations of their downline members.
Residual Income Opportunities: These passive channels of residual income are meant to assist loan officers long after the loan issuance process. Irrespective of a decrease in active origination, residual income remains passive, whereby the Revenue generated from the loans issued by the officer’s team gets deposited into their account. For instance, In NEXA, loan officers share Revenue indefinitely. Still, after 36 months, it is ‘fully vested,’ making the income source a legacy to the child beneficiaries.
How to Aid Employees: Nexa Mortgage is one of those organizations that pays often or even pays out daily concerning closed loans. Mortgage Companies like the NeXA academy are developing and seeking to train new enrollees, improving their industry performance. This training structure also enhances productivity and increases the recruiting officers’ revenue share and residual income.
These programs are suitable for mortgage practitioners who wish to earn passive residual income above standard commission-based remuneration and have the potential to earn passive income across their professional and recruited team members.
NEXA Mortgage and Gustan Cho Associates are some of the companies offering this residual income model.
For details, some sites like NEXA Mortgage outline how their revenue share works. One can find more information about other programs, forums, and networks for the mortgage industry seeking a passive income business model.