Well, times are tough for some people so I thought I’d pass along that eCommission is now offering commission advances for reverse mortgage professionals. The Austin, Texas based company is offering originators an advance of up to $6K on pending loans that will close within 85 days and credit lines are also available up to $200K in most cases.
“We have advanced real estate commissions for many years and continue to do so,” explained Sean Whaling, eCommission President. “But with the new HECM loan limits now official, we discovered a market of originators needing to access commissions immediately to start taking advantage of sales and marketing opportunities. So we figured out a way to address their short-term cash flow needs and it has helped a lot of them improve their loan volume.”
“I’m not easily impressed.” Says John Railey, President of Homestar Mortgage, Inc. “But eCommission has impressed me with the speed and ease of their service. We have a large inventory of loans to get through right now. Accessing some of these commissions ahead of closing is very helpful.”
Tony Garcia, founder and board member of the National Reverse Mortgage Lending Association (NRMLA) and CEO of LibertyStreet Financial Group, echoes Railey’s sentiment. “eCommission has been an important service for us over the past few months. I highly recommend them.”
