I wonder if any of you are happy with the Success fee greement or origination fee agreement you use with your clients. I for one am not thrilled with mine and would appreciate others insight into what they use and if it has ever been a point of contention with a client. When a lender won't pay or requires you have you fee schedule be in place with the client before closing it can get awkward if it not clear concise and unambiguous. Any thoughts or insight would be appreciated.
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Broker Success fee agreement
Broker Success fee agreement
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We have a strict no psf policy. Or any success fee that we charge. Everything we do is paid by lender or bank, etc.
The Fee Agreement is between you and your client - Why is the lender involved?
Not a big fan a Fee Agreements, but I do understand why they are utilized at times.
@Allen Holland are you using this fee agreement for every product? Which types of lenders are giving you push back?