Shore Financial Services, Inc. is a premier FHA lender with over 25 years of experience. Our network of Affiliates and Virtual Loan Officers are able to handle every loan with speed, service, and knowledge. Shore Financial Services, Inc. has become the #1 FHA lender in Michigan.
Partnering with Shore Financial Services, Inc. means that you will have access to the resources to provide the fast, friendly, easy home loans that we are known for.
Partnering with Shore Financial Services, Inc. means that you will have access to the resources to provide the fast, friendly, easy home loans that we are known for.
Becoming A Shore Affiliate
Shore Affiliates have unlimited earning potential through competitive loan programs available including FHA/VA and Conventional.
As a Broker Affiliate, you can completely focus on originating loans rather than spending time and revenue negotiating rates, complying with state audits, managing payroll, and maintaining state licensing.
As a Broker Affiliate, you can completely focus on originating loans rather than spending time and revenue negotiating rates, complying with state audits, managing payroll, and maintaining state licensing.
Costs Associated With Becoming A Shore Affiliate
- $295.00 monthly fee covering payroll and accounting related expenses.
- $1,500.00 monthly branch fee to cover use of website, IT Support and use of our VLO and AOD as well as other systems.
- Your Branch Operating Account will receive 100% of the revenue listed on the HUD I Settlement Statement(Minus our Underwriting Fee).
- License fees are passed on to the Branch however our License Support Staff will handle everything for you.
- Payroll frequency is up to you for Loan Officer's Commissions and Operations staff are paid bi-weekly.
- Payroll method is W-2.
- No Branch Approval Fee.
- A one time audit fee of $125.00, per file, for auditing the first five loans closed by the Branch.
- The Branch Manager will be responsible for Kroll Factual Charges, but we will cover the DU expenses.
Becoming a Shore Virtual Loan Officer (VLO)
Shore VLO's have unlimited earning potential through competitive loan programs available including FHA/VA and Conventional.
As a VLO, you can completely focus on originating loans rather than spending time and revenue negotiating rates, complying with state audits, managing payroll, and maintaining state licensing.
As a VLO, you can completely focus on originating loans rather than spending time and revenue negotiating rates, complying with state audits, managing payroll, and maintaining state licensing.
Costs Associated With Becoming A VLO
- $349.00 monthly fee will be charged on your start date as well as the 1st of every month.
- You will receive 100% of the revenue listed on the HUD I Settlement Statement.
- License fees are passed on to the VLO but we have our License Support Staff to handle everything for you.
- License fees are passed on to the Branch but we have our License Support Staff to handle everything for you.
- Payroll frequency is bi-weekly.
- Payroll method is W-2.
- The VLO will be responsible for all Kroll factual charges to a credit card on the first of each month.
- The VLO will be responsible for all processing and underwriting fees on closed loans.
