Compensation Split
$2,000.00
Commercial and unregulated, Non-QM investment property mortgages can sometimes require a Compensation Split, which is a outside compensation arrangement between client and HomeStart in which some compensation is included on the Settlement Statement at closing and the rest is collected through the HomeStart consultancy.
A Compensation Split requires a non-refundable deposit of $2,000.00 which will be applied to the final cost of the services rendered, according to a separate agreement. This deposit is credited to the client’s account and is applied to client’s final bill, but is the minimum charge for the service, regardless of loan amount or the wholesaler-dictated Compensation Split.
