TOP MEGA MORTGAGE BROKERS IN THE UNITED STATES
|
Nexa | Barrett | Edge Home | E-capital | West Capital Lending | C2 Financial | UMortgage | |
|---|---|---|---|---|---|---|---|---|
| Number of Loan Officers (Updated every Monday) | 827 | 2,457 | 1,357 | 1,143 | 847 | 585 | 1,006 | 323 |
| UWM or Rocket | Rocket | UWM | UWM | UWM | UWM | Rocket | UWM | UWM |
| Rates | Get quote | Get quote | Not Available | Not Available | Not Available | Not Available | Not Available | Not Available |
| Raw Pricing (Owner does not cheat loan officers) | Yes | Yes | Yes | |||||
| LPC Compensation | 250 | 275 | 275 | 275 | 250 | Not mentioned | 300 | |
| Per File Fees | $595 | 25bps + 12% | $695 | $995 | Not mentioned | Not mentioned | Not mentioned | |
| Processing | $500 In-house | Self-processed or In-house | Self-processed or In-house ($500) | Self-processed or In-house | Self-processed or In-house | Self-processed or In-house | Self-processed | In-house |
| Licensed states | 48 | 50 | 49 | 40 | 35 | 29 | 35 | 48 |
| Primary Tech | Moso (Loan Factory) | LendingPad | Arive | LendingPad | Arive or LendingPad | Arive or LendingPad | Arive or LendingPad | Arive or LendingPad |
| Tech (POS/LOS/CRM..) | Yes + Free | Vendors + Costs | Vendors + Costs | Vendors + Costs | Vendors + Costs | Vendors + Costs | Vendors + Costs | Vendors + Costs |
| Free Personal Website | Yes | Yes with Costs | Yes | No | No | No | No | No |
| Marketing Support | Yes | Yes | Yes | Not mentioned | Not mentioned | Yes | No | Yes |
| Underwriting Support | Yes | No | No | No | No | No | No | No |
| Reimbursement for Pre-licensing Course | Yes | No | No | No | No | No | No | No |
| Correspondent | Yes - Non del | Not mentioned | Yes - Non del | NO | Yes - Non del | Yes - Non del | No | Yes - Non del |
| Types of LOs | Exp + Inexp | Exp + Inexp | Experienced only | Experienced only | Exp + Inexp | Exp + Inexp | Exp + Inexp | Exp + Inexp |
| Commercial loans | Yes | |||||||
| Multi-Level Marketing (Earn Overrides) | $300/loan | Yes (at least 3 levels) | Yes on recruitted LOs | $500/loan | Yes on recruitted LOs | Yes on recruitted LOs | No | Yes on recruitted LOs |
| Mentorship | Yes with other LOs | Yes but with a fee | No | Not mentioned | Not mentioned | Yes | No | Yes |
| Leads | Yes | No | No | No | Not mentioned | Not mentioned | No | Not mentioned |
| Health benefits & 401k | No | Yes | Yes | Not mentioned | Not mentioned | No | No | Not mentioned |
| W-2 vs. 1099 | Both | Both | Both | W-2 Only | Both | Both | 1099 Only | Both |
| Payroll | Every Thurs for 1099 and bi-weekly for W2 | Daily | Bi-weekly | Daily | Daily | Not mentioned |
Disclaimer: We try our best to show the difference among the mega mortgage brokers in the United States. If
you found
inaccuracies or suggest an improvements, please write your comments. Last update as of 2/19/2024.
