third party facilitators

We are in final stages of approval. Wells Fargo holds 1st (FHA) and there is no 2nd. 6% approved for brokers and $1,000 to seller for relocation assistance via FHA. $1,250 denied for facilitator (processor/lic mortgage broker). An agent in my office just had Wells approve $1,700 for facilitator last month? Is there a way to get facilitator's $1,250 approved and paid on HUD?

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  • It's 50/50 these days.  I had the exact same property with two different negotiators.  The first negotiator rejected the fee.  There was a ton of issues with the file, which got rejected.  I waited until BPO expired resubmitted SAME offer, and same fee, which got approved by a different negotiator.  This of course was with Chase, but this is what I've experienced across the board. 

    • This is why we charge to the buyer, that way we know it gets paid and agents don't have to give up commission

      • Us too Jospeh...that was last year. 

         

        We usually just have them bring cash to closing, but have also had luck with seller credit to the buyer.  How about you?

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