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NEED TO KNOWBusiness & Compliance

How to Get Paid on the Refinance Referrals You Give Away

When a past client mentions refinancing you hand them to a lender and get nothing, because you assume the only alternative is becoming a loan officer. There is a route through a federally chartered bank that takes roughly three hours of training instead of a 20-hour course and a state exam, and pays about half a percent per transaction.

2-minute read