Brokers

 

Vanderbilt recognizes the need to protect its brokers.  Vanderbilt will protect its brokers submissions up to a maximum of 1% on most deals depending on the loan size.  Provide us with a copy of your brokers agreement with the borrower and a copy of your license and Vanderbilt can assure you of payment directly from the loan proceeds at closing.

However, Vanderbilt usually will not allow more than 1% to be paid from its escrow account at closing.  If you have made an agreement with the borrower for more than this, you will need to collect it from the borrower directly.

As the submitting Broker you are usually required to work with the Borrower in providing all of the standard underwriting information to Vanderbilt.