Apply for BrokerDirect® Wholesale Program

In order to become an approved BrokerDirect® Client you must contact the nearest Regional Sales Contact and request to apply for our Wholesale BrokerDirect® Program. Our requirements are outlined below

Full Access BrokerDirect® Approval

In order to submit both Agency (FNMA/FHLMC) and All Occupancy Portfolio Program loan submissions to Emigrant Mortgage, a Division of Emigrant Bank - NMLS# 607759 (Emigrant) an application for Broker Approval is completed by the Broker and submitted to Emigrant with the following documentation:

• Executed original BrokerDirect® Agreement. If the Company is a Corporation, an Enabling Resolution authorizing signatory on the Agreement.
• Executed original Wholesale Website Agreement, including Web Admin (Branch Manager) Designation Form
• Copy of the current state or local license(s) for main office and branches. Will be verified via NMLS
• Resumes and social security numbers of the primary officer(s) and/or owner(s)
• Completed Treasury Department W-9 Form.
• Most recent audited financial statement and balance sheet income statement no older than 6 months. Annual re-submission of financials will be required.
• Sample Mortgage Broker Fee Agreement
• Copies of Company's Errors and Omissions and Fidelity Bond insurance policies
• Copies of Quality Control Policies and Procedures
• Signed copy of Emigrant's Fair Lending Policy
• Signed Attestation and Certificate of Compliance
• Signed Fee Schedule Addendum

CashFlow/Portfolio Investment Brokers (Only available to NY Licensed Real Estate Brokers)

Emigrant also has an approval process for NY Real Estate Brokers that are not NMLS licensed. This approval level allows NY Real Estate Brokers to submit loans under Emigrant's Portfolio Investment Program and CashFlow Program ONLY. Emigrant's CashFlow program finances transactions for business purpose Investment (non-owner occupied) properties utilizing the Rental Income in the qualification analysis of the mortgage.

In order to become an approved CashFlow / Portfolio Investment Broker under the BrokerDirect® program, you must send the following documents as outlined below:

• Executed original BrokerDirect® Agreement. If the Company is a Corporation, an Enabling Resolution authorizing signatory on the Agreement.
• Executed original Wholesale Website Agreement, including Web Admin (Branch Manager) Designation Form
• New York Real Estate License Number. Will be verified via NY Dept. of State website https://www.dos.ny.gov/licensing/eaccessny.html
• Social Security Numbers of the primary officer(s) and/or owner(s)
• Completed Treasury Department W-9 Form.
• Most recent audited financial statement and balance sheet income statement no older than 6 months. Annual re-submission of financials will be required.
• Sample Mortgage Broker Fee Agreement
• Signed copy of Emigrant's Fair Lending Policy
• Signed Attestation and Certificate of Compliance
• Signed Fee Schedule Addendum.

NOTE: if you are approved as a CashFlow/Portfolio Investment Broker and you upload a transaction that is NOT CashFlow or Portfolio Investment the submission will be rejected.

Great News... You are Approved!

If your application to become a member of our BrokerDirect® Program is approved, you will receive:

• An Approval E-mail.
• A Copy of the executed BrokerDirect® Agreement.
• Registration Code/Credentials to access the BrokerDirect® website www.EmigrantMortgage.com, this website contains items such as:
• Access to the Broker Portal which provides:
• Online submission functionality
• Daily Rate Sheets for Agency and Portfolio Programs
• ProductWatches and Special Announcements
• The BrokerDirect® SourceBook documenting Emigrant's lending programs and parameters
• Additionally, you can view the following on www.EmigrantMortgage.com:
• A listing of your BrokerDirect® Support Team contacts
• Emigrant's lending area by State and County