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Commercial Process

Submit Application

Letter of intent is issued

Letter of intent is signed, and sent to MCAP

MCAP underwrites the loan

MCAP issues commitment letter to client or broker 

Commitment letter is returned, signed, with conditions met

MCAP sends out funding instructions

Loan servicing/ portfolio management

Broker’s Finder Fee

MCAP offers a competitive compensation plan for all valued mortgage brokers. Brokers are compensated with a Finder’s Fee for Personal Mortgages; depending on length of mortgage and whether it is a closed or variable term, fee to be negotiated.

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