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					                                     10 0 % PAYO U T
                                       PAY P L A N
    ALL LOAN ORIGINATORS CAN RECRUIT AND RECEIVE OVERRIDES
            TO BE IN THIS PLAN YOU MUST BE REGISTERED INTO THE VLO


 Loan Originator starts at 50% close 4 loans in a month get promoted and become a
 Regional Manger- 60%
 Once the Loan Originator closes four (4) loans not including seconds either through team or personal
 production within a calendar month they will be promoted to 60%.
 Team production is when a person you recruited is producing loans
 Senior Manager 70% Once the Regional Manager closes seven (7) loans not including seconds either
 through team or personal production within a calendar month they will be promoted to 70%.
 National Marketing Director:             80%
 You must have been vested at 70% to qualify. Vested is when you have closed seven (7) loans in a month for
 three (3) months in a row from personal or team production. You must manage three (3) LO’s at 70% and they
 must be vested at 70% for you to qualify for the Additional Bonus program. Loan production requirements are
 in place for this promotion and they are $4,200,000 per month and a minimum of twenty one (21) loans thru
 TEAM production ONLY. You must close 21 loans with a minimum of $4,200,000 a month for 3 months in a row
 to be vested and receive Additional Bonuses. NO EXCEPTIONS!
 All National Marketing Directors must hold four (4) weekly team calls. Participate in all weekly training calls.
 Must be available on a full time basis Must have ten (10) personally recruited producers with three (3) vested
 at 70% and a total team of forty (40) LO’s that you manage.

                                         Additional Bonus Program
                                         If you are a NMD and one or more of your LO’s get promoted to NMD and you are
     Loan example                        vested you still make a Generational Overrides on NMDs in your management
                                         First generation override you receive 3%
     $300,000 loan                       Second generation 3%
                                         Third generation 2%
     2 points+$6000 average fees         Fourth generation 2%

                                         Additional bonuses for NMD when 1000 loans close in a month within the LON

                                         It is shared equally in this fashion.
                                         Earn $16,000 to $19,999 per month you get an equal share of 3 % of all loans we do
    Loan originator at 50% gets          Earn $20,000 to $29,999 per month you get an equal share of 6 % of all loans we do
                                         Earn $30,000 to $39,999 per month you get an equal share of 8 % of all loans we do
    $3000
                                         Earn $40,000 and up per month you get an equal share of 10 % of all loans we do
                                         For a total of 100% pay out


                                                              National Marketing Director at 80%
Regional Manager at 60%
                                                              In this position you can earn 10% to 30% depending
gets $600 or10% override
                           Senior Managers at 70% If a        on the position of the Loan Originator and if sub
                           regional manager is in place a     managers are in place.
                           10% override or $600 if            This is the top position and can qualify for
                           there is no RM the SM would        additional bonuses.
                           get a 20% override or $1200

                 For more information contact your Loan Officer NetworX Recruiting Manager

				
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