Broker Compensation Agreement Updates

We’re writing to share an update to the GMFS Broker Compensation Agreement.

Previously, brokers selected a single lender-paid compensation percentage that applied to every transaction. Under the updated agreement, you now have three ways to structure your compensation:

A – One percentage applied to all transactions, in all states.

B – Separate percentages for purchase and refinance transactions.

C – Percentages set individually by state and by loan purpose.

All other terms of the agreement — including the .125% increment structure and the 2.75% cap — remain unchanged.

Your district director will be reaching out with the updated agreement and next steps. If you have questions in the meantime, please reach out to your GMFS representative.

Access the updated agreement here.

Thank you for your continued partnership!