General
How is DMF compensated?
Context
Borrowers reasonably want to know how a broker gets paid before working with one.
The short answer
Mortgage brokers are compensated either by the lender (through yield-spread/lender-paid compensation) or by the borrower (through an origination fee), never both on the same loan.
Things to keep in mind
DMF discloses compensation in writing before any loan closes, per federal law.
Next step
Ask DMF for your compensation disclosure details when you apply.
Have a question about your own situation?
DMF serves Minnesota homebuyers and homeowners by shopping your purchase or refinance file across multiple wholesale lenders — not a single bank's product menu.
Davis Monroe Financial, LLC is a mortgage broker, not a lender. We do not make credit decisions or fund loans. Rate locks are issued by the lender; we submit and manage lock requests on your behalf. All loans are subject to credit approval. Rates and terms are subject to change without notice.