FREQUENTLY ASKED QUESTIONS
  1. What is Unlimited Income Overrides from Your Group?
  2. What does it cost for me to get started with this opportunity?
  3. Do I need to pay additional money to use Calyx Pointe, Elli Mae Encompass, or Byte?
  4. What lenders does SunnyMTG.com deal with?
  5. What are your policies on adding a new lender?
  6. I have been arrested in the past, can I still join SunnyMTG.com?
  7. What does Unlimited Residual Income Mean?
  8. Is Paying Real Estate Agents on a Loan Transaction Legal?
  9. What are the requirements for joining the Platinum / Team Leader / Group Leader Membership?
10. Can I Join SunnyMTG.com even if I don't have Any Mortgage Experience?
11. What Do I Get, if I refer Loan Originators or Realtors to SunnyMTG.com?
12. How do I build my group or what do you suggest I do to grow my practice?
13. What Can SunnyMTG.com do to help me Quickly Build my Group?
14. Will my Membership ever Expire?
15. How would I pull credit?
16. How would I get the rate sheets?
17. What paperwork do people that join my group have to complete?
18. Can I process My Own Loans or How does Processing Work?
19. Can I Chose My Own Title or Appraisal Company?
20. Can I do this on a Part-time basis?
21. Is SunnyMTG.com Opportunity a Branch Office Opportunity?
22. What is the difference between Branch & SunnyMTG.com Opportunity?
23. Should I get my mortgage brokers license?
24. Is it true that Licensed Professionals Get Paid More?
25. How come I do not need a Mtg license in Florida in order to do Mortgages?
26. Are there any education requirements in order to originate loans in Florida?
27. Does SunnyMTG.com Charge Customers Junk Fees?
28. Can I work from Home?
29. When do I come to the office?
30. Where can I meet the customer/borrower?
31. Do you encourage people to work remotely?
32. I need an office if I have people in my group?
33. When do I get paid? <<<<<<<<<<<<<<<<<<<<<<<<
34. Once the file closes, can I pickup the closing package from the title agent?
35. What happens if my file is not in compliance?
36. What types of loans do you do?
37. Can I Broker out my loans or do I have us SunnyMTG.com as the Lender?
38. Does SunnyMTG.com charge the customer an application fee?
39. Is SunnyMTG.com a member of the Better Business Bureau?
40. How do I get started or what's the next step?

QUESTION: What is Unlimited Income Overrides from Your Group?

QUESTION: What does it cost for me to get started with this opportunity?
ANSWER: There is NO fee to get started i.e. No Out of Pocket Expense to get started. However at the present time we are only able to accept LO's that have at least 6 months of verifiable experience.  If so, then fill out the paperwork on the Join SM page and mail it to the Corp. home office.

QUESTION: Do I need to pay additional money to use LOS software / system such as Calyx Pointe, Elli Mae Encompass, or Byte?
ANSWER: You do NOT have to pay any additional money to use our LOS such as Calyx Pointe, Encompass, Byte etc. Everything we do is web based, so you would have full access to tap into our LOS at anytime you like, at no additional charge!

QUESTION: What lenders does SunnyMTG.com deal with?
ANSWER: If you can think of the lender or know of the lender then we probably have them! SunnyMTG.com firmly believe in Quality rather than Quantity. Although we have access to 100's of lenders, we prefer to work with only lenders that are passionate about their work. If there is a lender that you have preference over, SunnyMTG.com will gladly initiate the approval process (no more than one lender per year please) PROVIDED it can be verified that:

1. The New lender has a unique program that is not offered by our current lenders or
2. The New lender is paying more YSP than the existing lenders.

It needs to be noted that:

1. SunnyMtg.com does not sign broker agreements, if the lender that you are dealing with is not comfortable with the loan or loans then they should not close it.
2. SunnyMtg.com will however furnish the W-9 if requested

QUESTION: What are your policies on adding a new lender?
ANSWER: If you like a add a lender: Before we fill out the package and sign up with a new lender please confirm that:

1. The file cannot be done Sunny Banking Division
2. Else you must confirm with the a/e that they have the program. --- We need actual confirmation of this particular program from the a/e not website confirmation we need a/e confirmation.

IF this is the case, THEN, you will be given the authorization to submit your deal to this new lender.

QUESTION: I have been arrested in the past, can I still join SunnyMTG.com?
ANSWER: Yes, provided you disclose your arrest in the paperwork. Cause if your background check reveals that you were arrested however on the paperwork you indicate otherwise, that is the only time that your application would be rejected. Therefore its very important that you are upfront about your arrest.

QUESTION: What does Unlimited Residual Income Mean?
ANSWER: If you refer an experienced LO apply to join SM, and SM approves of the same, then you would be eligible to receive $100 every time they close a loan!

QUESTION: Is Paying Real Estate Agents on a Loan Transaction Legal?
ANSWER: That depends, each state is different some states may approve, provided the realtor also acting as the loan originator on the same transaction comply with the following three:

1. Discloses to the customer by getting the disclosure statement signed (see step 1 on documents page) AND sign applicable state specific disclosures (provided by SunnyMTG.com).
2. Is the interviewer and is listed on page 1 of 1003 as the interviewer.
3. Provides at least the eight services pursuant to the state & federal guidelines

However it should be noted that in multiple states this NOT allowed -therefore there is no cookie cutter answer to this question.

QUESTION: What are the requirements for joining the Platinum / Team Leader / Group Leader Membership?
ANSWER: SunnyMTG.com platinum membership requires:

1. You must be a good moral citizen that is down to earth, flexible, and an individual that is able to follow directions
2. You must be an experienced loan originator that is able to function independently and be able to close at least 1 loan every 90 days (see expiration / termination of membership).
3. You should be computer literate including knowing how to use pointe. Have Internet access & fax machine (Brother is an five-in-one, printer, scanner, & fax machine, which can be purchased from Office Depot).
4. Have an dedicated incoming fax (callwave.com).
5. One-time setup-fee.

QUESTION: Can I Join SunnyMTG.com even if I don't have ANY Mortgage Experience?
ANSWER: No you may not, we require minimum of six months origination experience.

QUESTION: What Do I Get, if I refer Loan Originators or Realtors to SunnyMTG.com?
ANSWER: If you refer an experienced LO apply to join SM, and SM approves of the same, then you would be eligible to receive $100 every time they close a loan, other restrictions may apply especially with realtors!

QUESTION: How do I build my group or what do you suggest I do to grow my practice?
ANSWER: ANYONE AND EVERYONE YOU SPEAK TO IS / ARE CAPABLE OF MAKING YOU MORE MONEY!

After all you are selling money or saving people money or providing a roof over their head. Do you know anyone that does not want the above. TYPES OF PEOPLE YOU INTERACT WITH ON A DAILY BASIS:

FOR PEOPLE THAT ARE EXPERIENCED you can simply place them on the Platinum Plan.

IN REAL ESTATE THE FIRST THING THEY TEACH YOU IS TO ASK ANYONE AND EVERYONE THAT YOU SEE THIS QUESTION:

Hi! My name is John Doe.
DO YOU KNOW ANYONE THAT IS LOOKING TO BUY OR SELL A HOUSE?

When you ask them this question, they could give you two possible answers.

1. I JUST PURCHASED A HOME 2 YEARS AGO, THANKS FOR ASKING.
You then say, congratulations! That a nice area! How much is your monthly payment? They say well about $1200 a month. You say great, you must be very rich and have money to burn! Listen if I could save you $200 on your mortgage pmt, is that going to help you out? What will they say?

2. I AM CURRENTLY RENTING, I DON'T THINK I CAN AFFORD A HOME
You say, if you don't mind me asking… how much are you paying in rent. They say, oh about $1000 a month. You say, Great, You Must Be Very Rich And Have Money To Burn! Listen, if I could get you in a home with little or no money down, where your mortgage payment would be just $1000 a month…. Is that going to help you out? What will they say?  You can then start telling them of customers you have helped in the past and how much their homes have appreciated in just 1 to 2 years and that you know many people that don't even make that much in 1 or 2 years.

You May Also Have Junior Loan Officers Do Telemarketing For You (Whereas You Pay Them For Each Closed Loan) (1. SunnyMTG.com must be provided with a letter from your list provider assuring us that your phone list is up to date according to all Do Not Call regulations, state and federal. 2. SunnyMTG.com must be provided with a telemarketing script for approval before you use it (this does NOT apply to FHA loans). 3. Only loan officers may make outbound calls...SunnyMTG.com does not allow the use of telemarketers. Visit www.ftc.gov to check out the regulations) Or Have Them Take The 1003 From The Customers As Well Fax The 1003 And The Credit Report To Different Lenders (Of Your Choice). You Could Set It Up So That You Get A Copy Of All Faxes They Receive… For more information on getting a free fax number visit www.callwave.com.

QUESTION: What Can SunnyMTG.com do to help me Quickly Build my Group?
ANSWER: SunnyMTG.com can help you grow and build your group at quickly by having you listed as the Designated Area Manager for your Region, as a direct result of which you will get multiple inquiries daily from people that want to join your group. Once they are approved as a member you can provide them with leads with one of the multiple sources.

While SunnyMTG.com can assist you in rapidly building your group, as a group leader it should be your foremost priority to Only submit Members that fit the personality style Requirements of SunnyMTG.com.  Please do stringent check as to them meeting the personality test and NOT simply submit breathing bodies because if someone in your group is out of line and/or engages in fraud, it is the group leader that will be terminated, thus you should take this matter seriously and do due diligence when adding members to your group. Building your group is a good thing however if you selectively build your group by ensuring that they meet the stringent personality requirements of joining SunnyMTG.com, it will pay you many great dividends not only in the present but also in the future.

QUESTION: Will my Membership ever Expire?
ANSWER: Yes, if you are INACTIVE for 180 days or more AND you also fail to make contact with SunnyMTG.com, then you will automatically have your membership and all of your Group memberships Expire and Terminated. Thus it is very important that you close atleast 1 loan every 180 days ( if you can't close 1 loan every 180 days, then you should NOT be in the mortgage business to begin with) OR making contact with SunnyMTG.com and providing an update as to why.... Else your membership will automatically lapse / terminated. Additionally postings on the web site is and shall constitute notice to the member and be deemed made part hereof.

QUESTION: How would I pull credit?
ANSWER: If you are on the platinum plan you will be provided with your unique user name and password for pulling credit. You can pull a single bureau for $3.00 and a tri-merged for $8.95 (You can also have the customer pay for their credit report by having them make the check out directly to the credit company or use their credit card).  If you are not on the platinum plan, then you need to consult your group leader to have them pull the credit for you.

QUESTION: How would I get the rate sheets?
ANSWER: SunnyMTG.com does NOT pad interest rates.  Thus you would contact the lender of your choice and have them either fax or e-mail you the rate sheets directly to you on a daily basis.

QUESTION: What paperwork do people that join my group have to complete?
ANSWER: Same paperwork as you, additionally also, Exhibit A on the Join SunnyMtg.com page.

QUESTION: Can I process My Own Loans or How does Processing Work?
ANSWER: SunnyMtg.com Quality Control Dept. runs VOE, VOD & VOR on all files internally. All FHA & out-of-state loans (if permissible) need to be processed by SunnyMtg.com.  You may however process your own conventional file in amalgamation with our Quality Control.

QUESTION: Can I Chose My Own Title or Appraisal Company?
ANSWER: APPRAISALS: All appraisals need to be paid at the door. Furthermore, Contractor shall not have any authority, nor hold out to have any authority, to represent or obligate SM in any manner whatsoever. In the event that the Contractor breaches these provisions and improperly binds SM to a third party, then SM, reserves the right to place Contractor in collections, for a liquidated amount of three times the sum of any assertion that a third party makes as a result of Contractor's actions. This liquidated penalty is in addition to any and all other remedies SM has against the Contractor and/or any such third parties.

TITLE: Yes you may choose your own title however you will need to get your title company approved, click here for the process to get your title company approved.  Once approved you can start using them immediately. In exchange of which, you will need to comply with the following:

1. Your Title Company (or you) needs to recruit at least 1 (one) Platinum / Team Leader member a month and and if you monitor them then you would still get the $100 residual income.
2. Your Title Company needs to be familiar with ordering payoffs and be aware that no credit report, no appraisal and no commitment fees can be made payable to SunnyMTG.com on the HUD.   This means that the only five items are allowed to be made payable to SunnyMTG.com on the HUD, which are, mortgage broker fee, YSP, processing fee, application fee, & administrative fee.

QUESTION: Can I do this on a Part-time basis?
ANSWER: Yes however all members (regardless of the type of commission plan type) are required to close at least 1 loan every 90 days (see expiration / termination of membership).

QUESTION: Is SunnyMTG.com Opportunity a Net Brach Opportunity?
ANSWER: SunnyMTG.com Opportunity is NOT a Branch opportunity. It is much better than a branch (please see difference between Branch & SunnyMTG.com Opportunity). If after reading below, you are still interested in opening a traditional style branch office, please send a fax to the fax number listed at the bottom of this page.

QUESTION: What is the difference between Branch Office & Sunny MTG Opportunity?
ANSWER: SunnyMtg.com is a Virtual Loan Officer Opportunity whereas you an autonomous contractor fully in charge.

QUESTION: Should I get my mortgage brokers license?
ANSWER: Some states require that you be individually licensed as loan officer, so you must check accordingly

QUESTION: Is it true that Licensed Professionals Get Paid More?
ANSWER: Not really

QUESTION: How come I do not need a Mtg license in Florida in order to do Mortgages?
ANSWER: Because SunnyMTG.com is a Lender in the State of Florida (also see should I get my mortgage license).

QUESTION: Are there any education requirements that I need to fulfill in order to originate loans in the state of Florida?
ANSWER:  Anyone originating loans in the state of Florida must complete 4 hours of education on FS494 AND 10 hours of professional education covering primary and subordinate mortgage financing transactions (14 total hours). The original certificate verifying the completion of this 14 hours education requirement be submitted to SunnyMTG.com (you will be asked if this is needed from you). If your certificate is not received (if asked for by SunnyMTG.com), then you and all your group members will no longer be able to originate loans for the State of Florida. You may (not required) take this course online for the cost of $34.95 right from your computer, by clicking here.

QUESTION: Does SunnyMTG.com Charge Customers Junk Fees?
ANSWER: Absolutely NOT!  It is SunnyMTG.com policy NOT to charge the customer junk fees such as Credit Report and/or Courier Fees. These fees must show $0 (zero) on the HUD-1 Settlement Statement (also see does SunnyMTG.com charge customers any upfront fee).

QUESTION: Can I work from Home?
ANSWER: Most people work from home

QUESTION: When do I come to the office?
ANSWER: You do not need to come to the office

QUESTION: Where can I meet the customer/borrower?
ANSWER:  It is not neccessary to meet as most transactions are done via telephone.

QUESTION: I need an office if I have people in my group?
ANSWER: Yes can depends upon the state, either way, you could have them get an callwave.com fax  for $15 month and set it up so you too get a copy of all faxes they receive in your e-mail (visit callwave.com for more information). Thus giving you the ability to supervise and mentor them virtually from anywhere in the world with a just a laptop and a cellular telephone.

QUESTION: Do you encourage people to work remotely?
ANSWER: Yes as an independent contractor you are responsible for where you work from as this is entirely up to you

QUESTION: When do I get paid?
ANSWER: If your check will go out on Friday provided

1. Your loan files BOTH sides YOURS and TITLE side are received and SUCCESSFULLY pass through COMPLIANCE WITH NO NON-COMPLIANCE issues by Monday at 12 noon EST.
2. Any and all payroll docs are already in place.

QUESTION: Once the file closes, can I pickup the closing package from the title agent?
ANSWER: State and Federal Guidelines advise otherwise.

QUESTION: What happens if my file is not in compliance?
ANSWER: State and Federal Guidelines require that all files be in compliance, we are happy to assist you with the same

QUESTION: What type of loans do you do?
ANSWER: Conventional (conforming & sub-prime) FHA & VA! Including but not limited to residential, commercial, constriction, etc., et al.

QUESTION: Can I Broker out my loans or do I have us SunnyMTG.com as the Lender?
ANSWER: Many companies put a gun to your head forcing you to use in-house lending, which leads to little or no YSP for you on the back end. SunnyMTG.com believes that forcing people is incorrect. SunnyMTG.com allows you to broker out all of your loans.

QUESTION: Does SunnyMTG.com charge the customer any upfront fees?
ANSWER: Absolutely NOT! Any and All fees charged by SunnyMTG.com are earned ONLY if the loan funds (also see does SunnyMTG.com charge junk fees).

QUESTION: Is SunnyMTG.com a member of the Better Business Bureau?
ANSWER: SunnyMTG.com is not only a member of the Better Business Bureau, SunnyMTG.com is a PROUD member of the Better Business Bureau and in EXCELLENT standing. Click on the BBB Online Reliability Program Icon located at the bottom of this web page to verify.

QUESTION: This sounds like a really good deal, how do I get started?
ANSWER: There is NO fee to get started i.e. there is No Out of Pocket Expense to get started. Simply fill out the paperwork on the Join SM page and mail it to the corp home office.