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| 1) Is Meridian FHA Approved?
[ TOP ] Yes, Meridian is FHA Approved. |
| 2) Is Meridian VA Approved?
[ TOP ] Yes, Meridian is VA Approved. |
| 3) Does Meridian offer Reverse Mortgages?
[ TOP ] Yes, we are setup with several reverse mortgage lenders. |
| 4) Why should I choose Meridian Financial over another net branch company?
[ TOP ] There are several reasons Meridian is a good choice: (a) Our low fee structure allows you to keep more of the money you earn. (b) Meridian does not mark up its rate sheets so you will be more competitive in the market place (c) You don't have to wait for your check, we pay the same day we receive your closing file (d) Meridian offers many different tools to help you place your loans and narrow down which lenders can close difficult deals. (e) Meridian is a very compliant company you don’t have to worry about us going out of business over a failed audit or loosing lender relationships due to compliance issues. (f) There will always be a competent professional available to assist you, we are easy to reach and here to help you succeed. |
| 5) Do I need experience to become a broker with Meridian Financial?
[ TOP ] Yes, you must have prior mortgage experience to be approved with Meridian. |
| 6) How long does it take to get approved?
[ TOP ] Once your complete application package is received it will be processed within 2 business days |
| 7) Does Meridian offer Group Health Insurance?
[ TOP ] Yes, Meridian offers Group Health Insurance through Blue Cross Blue Shield |
| 8) Does Meridian offer a loan scenario and pricing engine?
[ TOP ] Yes, Meridian provides you an incredible loan pricing engine where you can accurately place loans and get instant real time pricing with our investors. |
| 9) Do you require a security deposit?
[ TOP ] No, we do not. |
| 10) How does your commission structure work?
[ TOP ] You keep 100% of all fees collected both from the lender & the borrower less Meridian’s fees. |
| 11) How do I get paid?
[ TOP ] When you close a loan you will send the completed stacked file along with the check from the title company to Meridian’s corporate office. We will audit the file and pay your commission the same day we receive it. |
| 12) Does Meridian have minimum production requirements?
[ TOP ] No, we do not have minimum production requirements and there are NO PENALTIES if you are not closing loans. |
| 13) Can I start a Meridian Financial branch?
[ TOP ] Yes. You can set up a branch location of Meridian Financial and hire loan officers. Meridian will file with the State of Florida for your branch license upon your application being approved. Branch managers control the compensation a loan officer will receive. |
| 14) Can I do my own advertising?
[ TOP ] Yes, however you must comply with all federal, local, & state laws and you are responsible for all advertising expenses. All advertizing must be approved by our corporate office before release. |
| 15) Do you pay via 1099 or W-2?
[ TOP ] All agents are paid via W-2 earnings. |
| 16) Will you sign up with a lender if they are not on your approved list?
[ TOP ] If you have a preferred lender that we’re not currently approved with we’re happy to sign up with them. |