F.A.Q.
Q. How long has BayBurg Financial been in business?
A. BayBurg Financial has been originating and closing loans for over 10 years.
Q. Other than the $1495.00 paid to BayBurg Financial are there any other hidden fees?
A. No. The $1495.00 covers ALL the costs of Processing, Closing and Quality Control.
Q. So if the total loan fees were $5000.00 after BayBurg Financial takes out the $1495.00 fee I would receive $3505.00?
A. Yes. - Less Payroll Fees and Taxes
Q. When do I receive my Commission?
A. Unlike other net branch operations, where Loan Officers can wait for weeks or months to get paid, BayBurg Financial pays you as soon as the funds clear.
Q. Do I have to process the loans I originate?
A. No. BayBurg Financial handles ALL the processing. All you need to do is submit a complete file with all the supporting documentation. At BayBurg Financial we want you to do what you do best, ORIGINATE LOANS… WE will do the rest.
Q. How long does it take to close a loan?
A. That depends on YOU, the Loan Officer. If you submit a complete file to us the process goes very fast. If we need to chase after support documents from you it will take longer.
Q. Will you sign up NEW Lenders?
A. Yes. If you know of a Lender we are not currently approved with that has a product we don’t offer we will sign up with them.
Q. What are the minimum production requirements?
A. You can choose to close as many or as few loans as you like. BayBurg Financial does not have minimum production requirements.
Q. Does BayBurg Financial process my loan? Run DU or LP? Have a Quality Control?
A. Yes, Yes and Yes! BayBurg Financial has a team of highly experienced processors to help expedite your loan through to the closing table.
Q. Will BayBurg Financial provide me with processing software?
A. Yes. BayBurg Financial can supply you with the most recent version of Calyx Point.
