Have you heard about the Commloan.com program called EMPOWER and you are wondering if it will help you as a commercial property loan originator? Will it help you to assist more clients? Will it help you to obtain more credibility in the marketplace? Finally, will you make more money and create a better lifestyle for yourself?
Hey there my name is Kenner French of VastSolutionsGroup.com and VastCapitalManagement.com and have been in the commercial property space for over 20 years so I know a few things about such ventures that can help entrepreneurs – which in fact, that is exactly what an independent commercial loan originator is.
CommLoan.com, the architect of the Empower Program, founded by Mitch Ginsberg, embarked on a transformative journey to revolutionize the loan origination process in 2015. By 2017, the platform had successfully onboarded 100 lenders. But the visionaries behind CommLoan had more significant milestones ahead.
By 2018, the platform was already boasting $160 million in loans funded. Progressively, with technological advancements like the Lender Webform in 2018, they reached the landmark of funding 100 loans by 2019. The momentum didn’t stop there. As the platform expanded its lender base to 450 by 2020, it introduced innovative features like Automated Loan Quotes and Lead Generation.
Come 2021, their efforts in enhancing the borrower journey were evident with features such as the Borrower Brevitas Loan Quote Integration. With 2022 marking the funding of 200 loans and the launch of the Lender Portal, it was clear that CommLoan was on an exponential growth trajectory. As of 2023, with 750+ lenders on the platform, they’ve not only automated the lender experience but also amassed considerable annual revenue nowadays.
Empower Program: The Loan Originator’s Game Changer
The role of a loan originator is pivotal. Without financing few commercial properties can be purchased. CommLoan recognizes this and thus introduced the Empower Program to arm loan originators with the best resources. The best way to explain the program is to say it is a collection of forward thinking independent minded loan officers who are poised for success due to the advanced system that Commloan.com offers.
A vital element to the Empower Program is the tech stack at Commloan.com called CUPID™ Technology Platform which is Central to CommLoan’s offerings. CUPID™ technology streamlines borrower-lender matching, ensuring originators can best serve their clients. It also ensures access to the most competitive rates, terms, and an extensive network of lenders, including Banks, Credit Unions, CMBS, Life, Debt Funds, and Private Lenders.
Operational Efficiency
CommLoan’s platform offers streamlined loan packaging and underwriting processes. This automation ensures efficient, accurate, and professional loan detailing, reducing the manual work for originators.
Direct Communication
The platform provides secure communication portals for originators, borrowers, and lenders. This feature facilitates hassle-free interactions and collaboration.
Optimal Revenue Distribution
CommLoan believes in rewarding its originators generously. The commission tiers are structured to increase with the volume of loans produced, ensuring originators reap the most from their hard work.
Brand Recognition & Marketing Support
Aligning with a brand like CommLoan automatically boosts an originator’s market credibility. With stellar reviews and an impressive Net Promoter Score, originators benefit from comprehensive marketing support, co-branding opportunities, and enhanced online presence.
Future Equity Participation
Recognizing the instrumental role of originators, CommLoan’s Board of Directors is actively designing an exclusive Equity Participation Plan. This initiative promises originators like you a chance to share in the company’s success. This should be huge and worth considering by itself as a means for compensation. Do you have equity participation where you are now?
Mentor Program
Whether you’re seeking guidance or looking to guide, CommLoan’s mentorship program pairs originators to ensure mutual growth and learning.
Revenue Share & Wealth Creation
The Empower Program stands true to its name, empowering originators to build substantial wealth. Originators can create teams, ensuring growth for themselves and those they mentor. The program structure provides more choices, opportunities for growth, and prioritizes what matters most.
Revenue Share Breakdown
CommLoan’s transparent revenue sharing structure is designed to ensure originators receive the lion’s share. With AGCI (Adjusted Gross Commissionable Income) as the benchmark, the commission split between CommLoan and the originator increases favorably as the AGCI grows:
* $0 – $250,000 AGCI: 60% of 1% or 60 basis points goes to the Loan Originator – or you, in this instance.
* $250,001 – $500,000 AGCI: 70 % goes to the Loan Originator
* $500,001 – $1,000,000 AGCI: 80% goes to the Loan Originator
* $1,000,001+ AGCI: finally, 90% goes to the Loan Originator
This advanced structure ensures originators are adequately rewarded for their contributions. For instance, a loan of $20 million at a 1% fee, results in an AGCI of $200,000. An originator producing this AGCI would benefit from something called revenue share (rev share). In this instance, the rev share would be $40,000 (20% of AGCI, go to you). Moreover, CommLoan has structured tiered rewards, ensuring every contributor in the loan’s success, from the originator to their mentees, enjoys a slice of the revenue pie. That said, people several levels up on the hierarchy get paid therefore. If you are the one who brought people in therefore, you may know nothing of the deal but still get compensated quite well for, well, no work.
Rev share becomes passive income or better said, it becomes a passive income stream which is so badly needed in this industry. In conclusion, CommLoan’s Empower Program, fortified with the CUPID™ Technology, is not just a platform but a paradigm shift in the commercial loan origination industry. It guarantees originators a future full of opportunities, growth, and rewards.
To summarize, Commloan.com’s Empower program you have access to the following:
CUPID tech platform, generous commissions splits, marketing/brand recognition, future equity participation, mentor program, and competitive revenue share. With Commloan’s game-changing platform and the power of CUPID, you will transform the way you do business as a commercial loan officer and will achieve unparalleled success.
Hope this helps.
Again, my name is Kenner French of VastSolutionsGroup.com and VastCapitalManagement.com and if you have any questions at all feel free to stop by VastCapitalManagement.com as many resources are there which may help your journey as a commercial loan originator.
Kenner French, is a former small business contributor at Forbes.com, author of three books, an executive at AI-focused VastSolutionsGroup.com and VastHoldingsGroup.com, a keynote speaker, and a Dave Matthews Band fan!
