COMMERCIAL LOAN AUDIT AFFILIATE PROGRAM
Commercial
Loan Audits
Affiliate
Commission Information
Commissions
are based on fees quoted on client contracts. Affiliates will
receive a referral contract for each deal submitted which outlines the
referral fees.
Audit
Report Commissions Percentages (based on Audit Report Only):
Price
Range $2,500 - $4,500+ - 25% on Net Proceeds
Negotiation/Mediation Commissions
Percentages -- Negotiation is Quoted Separately and May
Include
Multiple Phases (i.e., New Loan Commitments):
25%
On all Negotiation Quotes including Monthly Payments (Paid When Earned)
Note:
Depending on the circumstances, this phase could include
commissions over $10,000 (base commission is about .5% - 1.5% of loan
amount)!
Attorney Negotiation -
State List Law Suit
Litigation - State List
SPECIAL
LOOPNET STRATEGY NOTICE:
If you use
our Loopnet Strategy to get Listing agents to help you, the company
will pay the listing agent 10% commission. See the strategy here.
Example
Properties Covered
-
Shopping Malls
-
Rental Properties (must be more than 4 units)
-
Gymnasiums
-
Warehouses, and more
Ideal
Candidates
- Income
Generating Businesses/Properties (with rents OR other revenue)
- The
Property Must Also Have Mortgage Debt
Document
Review and FREE Quote
1. Download the
Preliminary Commercial Loan Audit and Analysis Checklist
(http://www.mortgageaudit.com/checklist.doc).
Put your name on the form at the bottom. Send the Preliminary
Checklist to your client.
NOTE: If
the client wants to know if the loan was securitized into a private
trust with the preliminary review, we require a $295 search fee that is
payable at the time of document intake.
2. Instruct
your client to fax the Preliminary Checklist, with attachments, to
877-702-7286 or email it to contact@mortgageaudit.com.
You will be notified via
email when your client’s checklist and documents are received.
NOTE:
If the client can only physically mail the documents for evaluation,
there will be a $150 service charge. Documents and a check made payable
to Strong Family Fund, Inc., can be mailed to 2870 NW 36th Avenue,
Lauderdale Lakes, FL 33311
3.
Within 3 – 5 business days you will receive the following
information:
•
For
your client: A free quote and audit contract for
your client signature. Send the quote and contract to your client.
•
For
You: A referral statement outlining our
commission relationship for the subject deal.
Please Use Payment Button
for:
(Full Audit Payments -
Quoted Separately, Delivery Fee - $150, or Securitization Searches -
$295)
Audit
and Loan Analysis
1. Fax the
following documents to 877-702-7286:
•
The client’s signed audit contract, with payment or
confirmed payment.
•
Your signed referral contract.
2.
The Audit will be completed within the quoted/contractual period, and
sent via the agreed contractual method to the client. In
general,
the audit will take 2 – 3 weeks to complete.
3. You will
receive notification, via email, when the audit is sent to the client.
Negotiation/Mediation
Services
If requested, these
services will commence after the audit is completed and will continue
until an outcome is reached.
FAQs
Is
this a MLM program?
A - No. Commissions are
earned from the sale of audits and other services.
How
much does it cost to become an affiliate?
A
-There is no cost to become an affiliate. Simply complete the Affiliate
Working Agreement, which includes a non disclosure statement, and start
submitting documents for a free review.
Do you
provide leads?
A - No.
Generally,
affiliates are professionals in the real estate or an associated
industry and have their own client base. You can also use our
4 Step Strategy for free leads.
Are
you listed on the Better Business Bureau website?
A
– Yes. Check the BBB in West Florida. And search
for Strong
Family Fund, Inc. The rating was an A at the time
this
response was written.
What
are your qualifications to do commercial audits?
A
– The Commercial Audit division is new, but the
company/principal
has been doing audits since 2009, and also has extensive experience in
Mergers and Acquisitions, Accounting Policy, tax, auditing standards,
financial analysis, and other relevant areas required to complete
Commercial audits.
Additionally,
the principal was also the lead accounting analyst on the Ford Motor
Company/Land Rover acquisition. This deal included completing due
diligence work for the $2B transaction.
Are
the audits done in-house or outsourced?
A – In-house
What's
the ball park figure for attorney negotiation services?
A - It will be quoted in
the contract.
Does
the Agreement protect the affiliate?
A - Yes. Please read it
and we'll be happy to answer any questions.
Are
you willing to talk with a client, 3-way, about the particulars or
general questions to make them feel good about the company?
A
- The document review is free. All particulars would be in the quote.
At that point there would be something to talk about and we'll do
what's necessary to secure the deal.
Does
it include a securitization analysis or audit?
A - Yes, it does include a Securitization Analysis.
This is highly specialized because commercial loans are usually managed
differently than residential loans. Not all audits will include
positive securitization results because many commercial loans are NOT
securitized OR not securitized as quickly as residential loans due to
size, complexity, and/or general operating procedures.
However,
we can do a trust search for only $225 before any work is completed to
see if your loan is in a trust.
See this Sample
Audit Excerpt to get
an idea of "some" of the other areas of focus.
Does the client pay me
(affiliate) or you? If you, how?
A
- The client pays the company, via check. They will
receive
payment instructions in the contract OR payment can be made via online check here.
When
are commissions paid?
A
- Commissions are paid after the grace period in the client contract
has elapsed. Each contract will give the client a short 3
days
grace period to cancel the agreement. After that time has
passed
all funds rendered are non-refundable, and the company will pay the
affiliate.
Become
an Affiliate
- Complete
our agreement: Affiliate Agreement
- See
Our 4 Step Strategy
- Get a Free Unique ID So You Can Add Real
Estate Agents to Your Team (see step 2)
- Here is our Commercial Mortgage Broker's Guide
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