Allied First Bank, sb
100% P&L MPO opportunities nationwide.
100% P&L MPO Platform
1. Quick On-Boarding
Teams typically receive final approval and are operational within 2 weeks. Landing Pads for new files while on-boarding.
4. No licensing issues
No issues with pre-licensing, CE, registration, FHA boundaries, registrations, and fees. MLOs sell with NO restrictions and NO added costs.
2. More Options
Broker with wholesale rates, no lenders or broker fees to your borrowers, no overlays, and no hits to your compensation.
AFB is a smaller bank with minimal layers. Training is provided during on-boarding and beyond. Monthly webinars keep everyone up to date.
3. Flat file fee
Flat file fee on production. $50/month/user DLP/security/encryption/tech support. NO fees for HR/Payroll/Bonding etc.
6. FDIC certified
We are an FDIC member bank and certified to lend in all states, with NO restrictions and NO fees. MPOs are not restricted geographically.
Multiple Revenue Streams.
Correspondent lending with multiple investors. Unique trademark portfolio loan program. Most programs available files are processed at corporate.
No first right of refusal requirement on brokering. No Lender or Broker fees. All loan programs available and NO overlays. We broker most refinance loans.
Bring producing teams for overrides on production. Those qualified teams may bring on teams as well. Generate revenue from 3 levels of production.
Create "contract processing" revenue for new teams and teams with no processors. MPOs set the processing fee and accounting makes appropriate fund transfers.
Refer SBA loans to our SBA division for referral fees. Average SBA loan size is 500K. MLOs and Managers earn additional revenue. No origination or processing requirements.