BECOME A REMLO
ARE YOU BEING PAID FOR HOME
MORTGAGES YOU REFER TO LENDERS?
YOU SHOULD BE.
New regulatory changes allow real estate agents and former loan officers to earn for referrals while complying with RESPA. Become a part-time junior loan officer (REMLO) and discover how easy it is with the right lender and tools.
WHAT DOES REMLO STAND FOR?
Real estate professionals or referral partners who become part-time mortage loan originators. Recent regulatory changes and tech advancements have eliminated barriers for real estate agents and referral partners to work remotely as junior MLOs.
No state MLO license is required to become a REMLO
Loan officers at federally chartered banks don't require external licensing. Part-time junior loan officers (REMLOs) can start by onboarding with the bank. They can be located anywhere in the US, and these officers can lend across all 50 states
Pay structure
Lenders we collaborate with offer REMLOs commissions of up to 100 bps (1%). With today's high home prices, this translates to thousands per loan. Connect with us to join a federally chartered lender hiring REMLOs nationwide.
Get paid for refinances and
out-of-state purchase loans too
REMLOs earn commissions on both home purchases and future refinances from their contacts. Additionally, they can assist clients moving out of state with their mortgage, as federally chartered banks can lend nationwide.
Brokers or team leads can become a “REMLO sales manager” for the team
Sometimes, a real estate broker or team leader becomes the 'REMLO sales manager,' enabling all team members to act as REMLOs. The manager oversees them and receives overrides for their closed loans.
Being a REMLO is similar to participating in a mortgage affiliate program
Technology makes it simple
Part-time REMLOs are on the rise due to advanced technology simplifying loan origination tasks. With a mobile app, they can effortlessly send application links, conduct soft credit pulls, and issue pre-qualification letters.
Recent FHA changes opened the door for real estate agents to become REMLOs
Previously, RESPA rules permitted real estate agents to be loan officers, but FHA restrictions hindered this practice. In December 2022, FHA regulations shifted, allowing real estate agents to serve as MLOs. Regulations for referral partners have historically been less stringent.
Part-time REMLOs, hired as W2 employees of the lender, stay compliant while earning for loans sourced through their contacts.
LEARN ABOUT US + BECOME ONE OF US
Welcome to REMLO, where innovation meets opportunity in the mortgage industry. As pioneers in the field, we're committed to reshaping the way real estate professionals and referral partners engage with mortgage origination. At REMLO, we foster a culture of growth and collaboration, empowering individuals to harness their potential and thrive in a dynamic environment.
Our dedication to excellence, coupled with recent regulatory advancements and cutting-edge technology, ensures that joining our team opens doors to limitless possibilities. Curious to learn more about who we are and what we stand for? Click below to discover our story, values, and the exciting opportunities that await. Take the first step toward an enriching career with REMLO by applying today.
BECOME
A REMLO
For any general inquiries, please fill in the following contact form:
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