Pioneer Mortgage Funding Claimed

Yes, you need your license for each state in which you would be originating. Pioneer Mortgage Funding Inc.’s headquarters is in Tampa, FL, and is licensed in AL, FL, GA, KY, MN, OH, and TN.

Pioneer Mortgage Funding Inc. does not have an application fee; however, there are startup fees for both Branch Managers and MLOs. Those fees are listed below.

Mortgage Loan Originator Start up fees:

NMLS Sponsorship Fee: $30
Pioneer Mortgage Funding Inc. Email: $144
Encompass: $110
Starting Balance: $284
Branch Office Start up fees:

Florida Statutory Application Fee: $225
NMLS Processing Fee: $20
NMLS Sponsorship Fee: $30
First Month’s Branch Fee: $1,650
Recommended Reserve: $500
Pioneer Mortgage Funding Inc. Email: $144
Encompass: $110
Starting Balance: $2,654

Pioneer Mortgage Funding Inc.’s model is designed primarily for seasoned, experienced, and self-sufficient MLOs. However, we may be able to find a Pioneer Mortgage Funding Inc. branch to place you in who can offer training and support for a paid training fee. Lead generation will be your responsibility. Most of Pioneer Mortgage Funding Inc.’s business is obtained by word of mouth, positive reviews, and/ or realtor relationships.

Pioneer Mortgage Funding Inc. continues to have success in doing one thing very well and that is brokering. We strive to engage with our clients, and connect them with potential lenders to determine the best mortgage products for their needs and situation. If you are coming from a 'banking' background, we may be able to find a Pioneer Mortgage Funding Inc. branch to place you in who can offer training and support to assist you in learning how the 'broker' channel works (i.e., in terms of shopping lenders, locking loans, etc.) for a paid training fee.

If you are a licensed MLO in AL, FL, MN, OH, or TN, you are categorized as an Independent Contractor (paid 1099). If you are a licensed MLO in GA or KY, or administrative staff you are categorized as a traditional employee (W2).

If you are a MLO under the Corporate Office, you are paid upon completion of all compliance. Pioneer Mortgage Funding Inc. takes pride in ensuring the MLOs get paid as quickly as possible, meaning you could get paid the same day your compliance is completed. If you are a MLO under a Branch Office, your Branch Manager determines when you get paid. They write your checks from their Branch Office checkbook, so you don’t have to go through the Corporate Office.

We require all Pioneer Mortgage Funding Inc. MLOs to close at least 3 loans per quarter.

Pioneer Mortgage Funding Inc. is approved with over 50 of the most competitive lenders in the business to help you close more loans. We can broker almost any type of loan including Conventional, Jumbo, VA, FHA, USDA, Reverse Mortgages, etc.

Pioneer Mortgage Funding Inc. does not have its own rate sheet. MLOs have direct access to our wholesale lenders’ rate sheets, these are available on the lender's website. Since you are able to go directly to the lender for a rate sheet there are no hidden correspondent lender fees, rate changes, or padding.

Pioneer Mortgage Funding Inc. is approved with over 50 of the most competitive lenders in the business to help you close more loans. We can broker almost any type of loan including Conventional, Jumbo, VA, FHA, USDA, Reverse Mortgages, etc. This allows you to serve your clients to the best of your ability by connecting them with potential lenders to determine the best mortgage products for their needs and situation. No situation or scenario is too complicated and we will work with you and our lenders to close your loans.

MLOs must request access to the lender portal from the Corporate Office, and the Corporate Office will provide you with logins.

Pioneer Mortgage Funding Inc. and its MLOs use Encompass as our Loan Origination Software. Encompass is a data management and loan origination software that allows users to input and store client data, as well as generate applicable forms, etc. Pioneer Mortgage Funding Inc.’s MLOs are required to purchase a seat license from Encompass Software to obtain and use their unique login for the software. MLOs are required to record every application and/or loan in their individual Encompass data folder.

MLOs may engage the services of any contract processor on our approved contract processing list. You may also request for the Corporate Office to approve any of your current processors. Branch Managers may hire staff to work as a loan processor from their office. All applicants must be approved by the Corporate Office prior to being hired. In that case, the Branch Manager will assume all responsibility for oversight of the loan processor. This includes, but is not limited to, that processor’s work product, continuing education, etc. Processors who are employed in this way will be employed as a traditional employee who receives a W2.

Pioneer Mortgage Funding Inc. and its MLOs use CIS, CIC, and Credit Technologies as our vendors for ordering borrower credit/consumer reports, identification verifications, and other similar reports. MLOs must request account set up with one of the three independent credit services from the Corporate Office. MLOs are responsible for paying the financial responsibility of all invoices on their individual CIS, CIC, and/ or Credit Technologies account.

MLOs must request access to AMC Portals from the Corporate Office, and the Corporate Office will provide you with logins.