MORTGAGE SOURCE ONLINE FAQ

Will there be additional fees added to my loan?
No. The lead generation compensation that Mortgage Source Online pays does not constitute an added cost to the loan or the loan process. By paying you, we are taking profits from the mortgage companies and returning them to you!

Is there a cost to be involved with Mortgage Source Online?
No. You will never pay to be involved with Mortgage Source Online. We deduct a yearly administrative fee of $97 from the compensation that you earn, and this fee covers various costs including those of your individual website, direct deposit pay, and tax reporting documentation. If you never earn anything with our program, you will never pay anything. From day one, you are free to refer individuals and other qualified leads.

Why am I asked to provide my bank account information?
Direct deposit is our preferred way of paying you. You will be paid faster than by check, and you will not have to worry about the hassle of checks lost in the mail.

What if I don't have a bank account?
While we encourage you to set up a checking or savings account, you may opt to be paid via check. The minimum check amount is $25, and a $6 fee will be assessed per check.

How much will I be paid for my own lead?
For your own lead, you will be paid as a Lead Generator.

How much will I be paid for referring a qualified lead to the Mortgage Source Online program?
If you personally refer a qualified lead, you will be paid Level One compensation. Also, the person whom you referred will be paid Lead Generator compensation.

Remember that the qualified lead referrals can continue for 12 generations.

What is a qualified lead?
A qualified lead is an inquiry for a mortgage loan which, upon being submitted to our mortgage partners, results in a closed loan.

Is there a limit on how much an individual or organization can earn?
There is no limit on how much an individual or organization can earn.

How often are individuals or organizations paid?
Individuals are paid every other Friday. Generally, you can expect to be paid within 30 days of the loan's closing. Organizations are paid on a quarterly basis.

Which banks provide the loans?
Mortgage Source Online is not a mortgage broker or lender. Loans are funded by our mortgage partners and may be placed with entities such as U.S. Bank, Chase, Citi, Wells Fargo, Flagstar, Fifth Third, ING, Harris, and many others. Our mortgage partners can provide you with the most competitive loans available.

Where is this program available?
At this time, Mortgage Source Online is up and running in the following states: IL, CA, TX, AZ, NY, WI, MI, MN, OH, CO, NC, OR, and IA. We also have limited programs available in other states, and we are currently working to bring more states online. If you do not see your state in the list, feel free to call or e-mail our office for more information on the approval status of your state.

Can I use Mortgage Source Online as a business?
Yes. In fact, the Mortgage Source Online business model provides an exciting, unparalleled opportunity for participants to earn passive income by introducing other individuals, non-profit organizations, and companies to the program.

If I would like to introduce Mortgage Source Online to a non-profit organization or company, what should I do?
We are dedicated to assisting you in introducing the Mortgage Source Online model to organizations and companies.

How can I be sure that I will receive credit for introductions that I provide?
Upon registering with Mortgage Source Online, you are provided with an individual, replicated website that tracks visitors unique to your portal, whether they be individuals or organizations. We can also provide you with business cards and an individual toll-free number, both of which are linked to your business.

What is a Mortgage Source Online tracking number?
The Mortgage Source Online tracking number is a unique personal identifier. Using your tracking number, our system automatically gives you credit for any leads you refer. This ensures that you will be paid for all qualified leads through 12 generations.