Brokers, Mortgage Bankers and Mortgage Intermediaries are paid through our Broker or Wholesale Partner programs, which compensate intermediaries for originating loans for their real estate investors. They can receive payment through two main channels:

• Lender-Paid Fees: CoreVest pays the broker a referral or origination fee upon the successful closing and funding of the loan. CoreVest issues this payment to the broker directly - usually within 10 business days of closing.
• Borrower-Paid Fees: The broker can charge the borrower a separate broker fee, processing fee, or points directly. These fees are typically collected at closing and settled directly out of the loan proceeds.

To work with CoreVest as a mortgage intermediary (via our Wholesale Broker or Broker+ programs), you must meet our requirements and provide a comprehensive corporate approval package.

To get approved, you must submit the following documents to CoreVest:

Corporate & Legal Documentation

• Application Forms: Completed and signed Wholesale Broker Application or Broker+ Application.
• Entity Documents: Certificate of Incorporation/Formation, Bylaws or Operating Agreement, and any DBA filings.
• Corporate Resolution: Executed Corporate Resolution/Consent authorizing your company to work with CoreVest.
• Licenses: Proof of proper state licensing and regulatory registrations.

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Financial & Background Documentation

• Financial Statements: Current financial statements (one full-year audit and year-to-date interim, signed and dated). If unaudited, you must provide a signed IRS Form 4506.
• IRS Form W-9: Signed and dated.
• Insurance Certificates: Proof of current E&O Insurance and Fidelity Bond policies.