We appreciate your referral

1. The referred loan officer joined after 120 days from the referral date.

Reason: The loan officer should persuade the recruited loan officer to attend the webinar and join Loan Factory within 120 days.

2. The referred loan officer registered or attended our weekly webinar before the referral date.

Reason: The loan officer was recruited by Loan Factory before being recruited by the referring loan officer.

3. The referred loan officer joined Loan Factory in the past.

4. The referrer and referee loan officers are spouses.

5. The referred loan officer is a mortgage broker (owns a mortgage brokerage) or is with another broker (concurrently with Loan Factory). In other words, if the referred loan officer is simultaneously working with another mortgage company while being with Loan Factory, no referral bonus will be awarded.

Reason: The referred loan officer is not considered exclusive to Loan Factory. 

Referring loan officer will be eligible for bonus 60 days after the referred loan officer is 100% onboarded.

Every Saturday, the system will automatically detect eligible bonuses from 60 days ago (refer to the policy above). It will then generate special commission requests for Commission Team to review and approve the referral bonuses. From there it can take another 15 days to receive payment. So you can expect your bonus payment approximately 75 days from the date the referred LO is 100% onboarded.