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1. Parties: Identification of the lending institution and the broker, including full legal names, addresses, and registration details
2. Background: Context of the agreement, including the broker's qualifications and the lender's business
3. Definitions: Key terms used throughout the agreement, including types of loans, commission terms, and regulatory references
4. Appointment and Scope: Terms of the broker's appointment and detailed description of authorized services
5. Broker's Obligations: Specific duties, responsibilities, and service standards expected from the broker
6. Lender's Obligations: Responsibilities of the lending institution, including processing requirements and timeframes
7. Commission Structure: Base commission rates, calculation methods, and payment terms
8. Regulatory Compliance: Requirements for maintaining licenses, following regulations, and maintaining records
9. Confidentiality: Protection of confidential information and client data
10. Term and Termination: Duration of agreement and conditions for termination
11. Representations and Warranties: Standard declarations about capacity, authority, and compliance
12. Indemnification: Mutual indemnification provisions for losses or claims
13. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Exclusivity: Terms of exclusive arrangement, if the broker is to work solely with this lender
2. Performance Targets: Specific volume or quality targets, if minimum performance levels are required
3. Training Requirements: Specific training obligations for broker's staff, if required by lender
4. Marketing and Branding: Rules for using lender's brand and marketing materials, if applicable
5. Specialized Loan Products: Special terms for specific loan types or programs
6. Sub-broker Relationships: Terms governing the broker's use of sub-brokers or agents
7. Insurance Requirements: Specific insurance coverage requirements beyond standard provisions
8. Dispute Resolution: Alternative dispute resolution procedures if preferred over standard litigation
1. Schedule A - Commission Rates: Detailed breakdown of commission rates for different loan types and amounts
2. Schedule B - Commission Calculation Examples: Examples showing how commissions are calculated in various scenarios
3. Schedule C - Required Documentation: List of required documents for loan applications and compliance
4. Schedule D - Compliance Procedures: Detailed procedures for regulatory compliance and reporting
5. Schedule E - Service Level Standards: Specific performance metrics and service standards
6. Schedule F - Approved Marketing Materials: Ƶ and guidelines for marketing communications
7. Appendix 1 - Broker Credentials: Copies of licenses, certifications, and registrations
8. Appendix 2 - Territory Definition: Geographic or market segment definitions if territory restrictions apply
Financial Services
Banking
Real Estate
Mortgage Industry
Commercial Lending
Consumer Finance
Alternative Lending
Credit Services
Legal
Compliance
Finance
Broker Relations
Credit
Risk Management
Operations
Business Development
Treasury
Regulatory Affairs
Chief Lending Officer
Broker Relations Manager
Compliance Officer
Legal Counsel
Commission Administrator
Business Development Manager
Risk Manager
Loan Officer
Mortgage Broker
Financial Services Director
Operations Manager
Credit Manager
Partner (Law Firm)
Regulatory Affairs Manager
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