Broker Approval

5th Street Capital underwrites, draws docs and funds your Loans

Overview of Broker approval requirements:

Company Formation and DBA Registration document to be reviewed to verify applicant is in “good standing” with all governmental licensing and revenue collection agencies and has a clear public record
Licensing by the proper governing authority; be registered in NMLS and authorized to originate and broker loans
Most recent annual and YTD (most recent quarter) audited or unaudited financial statements
Balance Sheet to support net worth requirement
IRS Form W-9 – Must be completed, signed and dated by a corporate officer, member, partner or proprietor
Quality Control Policies & Procedures – If outsourced, provide agreement with vendor
Residential Mortgage Loan Origination Agreement & Zero Tolerance signed by a principal
Resume(s) of all Owners/Principals/Officers – to support 10+ years industry experience
Corporate Resolution – only applicable for Corporations (must be signed by an authorized person)
Broker Compensation Selection and Fee Election Form
References – provide 3-5 investor, lender, warehouse or MI company references
E&O Policy $100,000 minimum coverage per occurrence

We employ the resources of Comergence Compliance for all Wholesale Approvals. Please contact us, email sales@5thstcap.com or call 888-702-3385 to get started!