Morty is pleased to offer a competitive LO referral incentive to all loan officers currently on our Platform. Learn more about the referral program and see terms and conditions below. Reach out to platform@morty.com with questions.

Summary

At Morty we know the importance of attracting and retaining high performing Mortgage Loan Officers (MLOs). We reward Platform MLOs (“Current MLOs”) that help Morty grow our Platform’s loan officer network through the LO Referral Program (the “Program). Current MLOs receive a Referral Bonus (“Referral Bonuses”) equal to 5 bps of the loan volume independently sourced and closed by any MLO whom the Current MLO refers or recruits to join Morty (“Referred MLO”).

• The Program is not time-bound or capped, enabling substantial upside for well connected loan officers.
• The Program does not impact the Referred MLO’s earnings and does not increase the cost for borrowers.

Terms and Conditions

• A one-time (per referral) $300 sign-up bonus is paid to the Current MLO once the Referred MLO has been active on the Platform for three months.
• Referral Bonuses are paid quarterly and are equal to (a) the aggregate closed loan amount for any independently sourced loan multiplied by (b) 0.05%. Both the Current MLO and the Referred MLO must be in good standing and employed by Morty at the time of a deal closing for the Referral Bonus to apply.
• The Program applies only to loans that are independently sourced by the Referred MLO and does not apply to loans that are sourced via HQ-generated leads.
• The Program, including all terms and conditions, may be modified or terminated at any time. Morty has sole discretion to determine if a Referral MLO is eligible for the Program and may revoke a Referral MLO’s eligibility for the Program at any time for any reason.

Updated: 10/15/24