Frequently Asked Questions
Yes, everyone is able to refer themselves and be eligible to receive a referral fee.
The referral fee is calculated as thirty (30) bps on the amount of the principal borrowed by the client. The referral fee is not a fee for the services provided by Finevo Lending. The referral fee is payable directly to WFG by Finevo Lending.
Example: Referral fee amount for mortgage loan of $100,000.00 x 30 bps referral fee totals a commission of $300.00 payable to WFG.
Once the mortgage is processed by Finevo Lending Group, and funded by the mortgage lender, the referral fee will be paid at the beginning of the following month.
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(For Mutual Fund Licensed or Insurance Licensed Agents)