Working Capital for Mortgage Brokers
Mortgage brokerages advance staff time, marketing and processing costs across a loan pipeline that can take 30 to 60 days to close, with broker commissions paid only at funding. Working capital keeps the pipeline moving through rate swings and closing delays.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so mortgage brokers never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Broker commissions are paid only at loan funding, which can be 30 to 60 days after the application is taken.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Loan officer payroll and lead generation costs continue every month even when a pipeline of loans is still in underwriting.
One approval, draw what you need, and return for additional funding as your mortgage brokers business performs. Underwriting delays or appraisal issues can push an expected commission payment out by weeks with no advance notice.
Cover overhead and payroll while loans move through underwriting toward funding.
Keep marketing and lead-generation spend consistent even when commission income is delayed.
Bring on additional loan officers ahead of the pipeline revenue they will eventually produce.
Yes, qualification is based on average monthly revenue and time in business, which accounts for the natural swings in a commission-driven pipeline.
Yes, funding can be used for any legitimate business purpose, including purchasing leads, advertising or other marketing spend.
No, it is a purchase of the brokerage's future receivables as a business, not tied to any individual loan file or borrower.
Paz funds mortgage brokers from $2,500 to $5,000,000. Most mortgage brokers qualify for $25,000 - $200,000, based on monthly revenue and time in business rather than collateral.
A US business that has operated for at least six months with $10,000 or more in monthly revenue, your last three months of bank statements and your EIN. The application takes about five minutes, and there is no hard credit pull to get pre-qualified.
Mortgage Brokers funding, approved in as little as 24 hours