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Document Id : 7823
File Type : Microsoft Word
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Florida Mortgage Brokerage Fee Agreement
FL mortgage brokers, sign up a client for your services with this customizable Florida Mortgage Brokerage Fee Agreement.
- The broker will be the borrower's exclusive agent for making the mortgage loan application.
- The broker will obtain a credit report and property appraisal and will prepare the loan application.
- In addition to the broker fee paid by the borrower, the broker may receive additional compensation from the funding lender.
- The borrower also agrees to pay a non-refundable application fee, which will be credited against the broker's fees at closing.
- The agreement contains the required Florida mortgage broker disclosures.
- The broker stipulates that there is no guarantee or promise that the borrower will obtain a mortgage loan as a result of the broker's efforts.
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