I'm working with a loan "consultant" and I thought we discussed (back in January) that he gets paid from bank at closing. Yesterday, he sent me an invoice to get paid now (I have a commitment, but the inv is even if the loan fails for any reason). I don't have anything in writing in either direction.
Is this common? I'm under the impression that SBA brokers get paid at closing, and usually get paid by the bank. Am I mistaken?
Thanks in advance!
When & how do loan brokers get paid?
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by a searcher from Yeshiva University - Sy Syms School of Business
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