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Access your rate sheet and understand what it means.
Where to View:
Your rate sheet is provided to you when you are first brought on in a welcome email and can be accessed at any time from your lending portal account.
You can access your loan plan sheet from your lending portal
1. Login to your lending account HERE
If you need assistance logging in or need access to the lending portal please email info@purefinancegroup.com
2. Click the "Rate Sheet" Button
3. You can zoom in, download, or send this rate sheet.
Understanding Your Rate Sheet:
Dealer Cost:
There are different dealer fees for loans based on applicant credit tier (t1, t2, t3, etc).
This is because there is more risk in lending money to lower-quality credit applicants and so these loans cost more for you to offer.
Dealer costs are taken out of the loan before it is funded to your account. You will receive funding on the (total loan amount) - (dealer cost % of the total loan amount).
ie. $100- $1 or a 1% dealer fee= $99 is funded to you.
Payment Factor:
This is the % of the loan that will be paid each month by the applicant.
ie. a payment factor of 1.62 would mean that for a loan amount of $100 the monthly payment would be 1.62% of that $100, or $1.62/month