EMD Upfront Fee Update 💰 Starting July 15th

Thanks for your input in our recent poll 📊 We are ready to kick of the changes!

Here's the skinny on the changes that go into effect on the 15th:

💰 You now make money on EMD upfront fees❗

This means that you get a 50/50 split of profits on EMD upfront fees, just as you already do on fees at closing for EMD, DC, Stack/Morby, and Echo deals.

📈 Minimum fee for 5% upfront is moving to $1000; and for the 10% upfront it's $2000.

🚫 No change to the percentage options (5% upfront & 20% at close; or 10% upfront & 0% at close)

✅ No change to your 80% referral share of gross fees on HML & DSCR

The goal here is simple: give our acquisition team members another way to make money on the deals they're bringing in.

👉 If you've got deals moving through the pipeline right now, keep in mind this change impacts anything submitted on or after July 15th.

Let me know if you have questions 🤔

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EMD Upfront Fee Update 💰 Starting July 15th

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