Loan Officer’s Fees, Preferred Lenders and Other Options

Tikit assumes a Loan Officer works for a Broker (either as an employee or contractor), so LOs are set up under a Broker in the app. When a Loan Officer registers a new loan, the processing fees, preferred lenders, vendor, and other options are inherited from the Broker.

When adding a new LO, one of the fields will ask you to select the Broker. This will tie that Broker’s options to the LO for future loan registrations. When the LO logs in to register a loan, the Broker’s fees, lender and other info will show up on the loan registration page automatically.

If you have a LO that is independent of a Broker or needs different pricing and options, you can just set them up as a Broker.

To view these Broker options, see View and Edit Broker Options