Commisson Challenge

Commisson Challenge

Take the Commission Challenge.

Knowledge is money in the bank.
It’s time to test what you know…

1What lender offers loan amounts to brokers up to $3MM? a. ING Direct b. Wells Fargo c. US Banks

Well done.

Sorry. The right answer is ING Direct. Finding the best loans for every borrower is ReadyPrice’s specialty.

2What lender offers 125% LTV for rate-and-term refi’s for agency-owned loans? a. Everbank b. Provident Bank c. Flagstar

Right.

Not quite. The right answer is Flagstar. A wrong answer could mean the loss of a $2,500 commission. Not good.

3What lender still allows manual underwriting for FHA loans? a. Stearns Lending b. Direct Mortgage c. Wells Fargo

That's it.

Oops…missed this one. Direct Mortgage is the right answer. From standard products to quirky niches…we have you covered.

4What lender may waive the 90 day seasoning period for refinances on their conventional conforming product? a. Provident Funding b. Stearns Lending c. Plaza

Bravo!

Unfortunately…wrong. The correct answer is Stearns Lending. If only you had instantaneous access to this information. Hmmm…

5What loan Program has no LTV restriction in declining markets? a. FHA b. DU Refi Plus c. FNMA HomePath d. all e. none

Impressive!

Nope. The right answer is all three. Don’t worry...our ReadyPrice team has your back.

6What lender offers second liens up to 80% CLTV in California? a. ING b. US Bank c. Wells Fargo

Correct!

Wrong. The correct answer is Wells Fargo. We’re here to help you harness the market—so you can instantly know best product, best price for even your most challenging borrowers.

Calculate My Score

Your Score:

Correct answers: 0

COMMISSIONS GAINED: $0

COMMISSIONS LOST: $15,000

Don’t worry, we won’t tell anybody.

But you need to Sign up for ReadyPrice >>

Your Score:

Correct answers: 1

COMMISSIONS GAINED: $2,500

COMMISSIONS LOST: $12,500

You have much to learn, grasshopper. But good news!

Wise mortgage guide is just a click away >>

Your Score:

Correct answers: 2

COMMISSIONS GAINED: $5,000

COMMISSIONS LOST: $10,000

You chose poorly. Fortunately, some choices in life are

much easier. Sign-up for ReadyPrice >>

Your Score:

Correct answers: 3

COMMISSIONS GAINED: $7,500

COMMISSIONS LOST: $7,500

Batting .500 is impressive in baseball. Now imagine

batting 1.000 with your work!. Make it happen >>

Your Score:

Correct answers: 4

COMMISSIONS GAINED: $10,000

COMMISSIONS LOST: $5,000

Confucius say he who knows more makes more.

We can help with that >>

Your Score:

Correct answers: 5

COMMISSIONS GAINED: $12,500

COMMISSIONS LOST: $2,500

Very good. Now go from good to great.

Sign up for ReadyPrice >>

Your Score:

Correct answers: 6

COMMISSIONS GAINED: $15,000

COMMISSIONS LOST: $0

Swish! But the real challenge is nailing it every

timeThat’s why we’re here >>

Assumptions: Commissions Gained and Lost are calculated based on an average mortgage of $250,000, with an average 1% commission, or $2,500 per loan.