Reverse Power looks to reward customer loyalty and support. One way we do that is with a PRODUCTION BONUS!
If you are a Reverse Power Broker and close 3 or more loans in any given month you will receive a 25 basis point bonus on all future closings for that month
. Programs for TPO, Principal Agents and Closed Loan Sellers:
If you are a mortgage broker the new HUD rules no longer require you to obtain a supervised broker designation which will allow you to originate HUD insured HECM mortgage loans. Nationwide Equities will underwrite and close your loans and pay you at the funding table your complete broker compensation (see rate sheet for pricing). For Mortgage Bankers that are non-supervised lenders:
there is special pricing for you. As a non-supervised lender that wishes to close the loan in your name and with your funds but wish Nationwide to underwrite and close, ReversePower Plus, is just for you. Nationwide Equities will underwrite your loan, pull closing documents and close it in your name with your warehouse line. We will then buy the loan off your warehouse line within 48 hours. For the Non Supervised FHA mortgage banker that wish to underwrite, close and fund the loan intheir name and then sell the loan to Nationwide, RP Plus can accommodate that as well. Your loans will be insured and purchased within 48 hours of receipt of all required loan documentation