Qualifications, Terms, and Conditions:
- Both minimum requirements must be met the previous month to be eligible for the corresponding tier.
- If the minimum monthly volume is met but the minimum pull-through rate is not, the broker will drop one tier.
- Example: If a broker funds $8.2M with a 42% pull-through rate, they are eligible for Tier 2.
- The price improvement will go into effect on the first of the following month for new locks that month.
- Example: If a broker funds $6.0M at a 51% pull-through rate in June, Tier 2 pricing will take effect in July.
- Brokers must qualify independently with LoanStream Wholesale Lending Division only; there are no aggregated totals.
- Pricing improvements can be combined with our specials.
- Brokers with less than a 40% Non-QM pull-through rate are not eligible.
- This program is for Non-QM 1st Trust Deed products only.
- Brokers must qualify each month.
- OCMBC, Inc. reserves the right to change the rules or end the campaign at any time at its sole discretion.
- The campaign begins to measure metrics May 1st, 2024, and applies the price improvement on June 1st, 2024. The campaign ends on December 31, 2024, with the last month to qualify being November 2024.
- This is a price improvement campaign, and there is no promise of service agreements – please refer to turn times for clients.
We are confident that the Elite ONE Program will provide you with the tools and incentives to elevate your business to new heights. Should you have any questions or need further details, please don’t hesitate to reach out.
