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Thank you for your interest in becoming an approved broker with Aurora Finanical. We take great pride in our strong broker relationships and the quality of service we provide to our customers. Take advantage of a wide variety of product and pricing offerings using one of our multiple production channels. We offer traditional Wholesale, Table Funded Broker or Correspondent (Purchase Funded) programs.
What are the requirements to become an approved Wholesale broker?
At least three (3) years of experience in residential real estate lending, with a knowledgeable staff.
Proper licensing to originate residential mortgage loans, as required in the state where you do business.
When loans close in the Aurora Mortgage name, we do not require a minimum net worth. However, for those brokers requesting
table funding, financial statements should reflect a positive net worth to ensure appropriate working capital to support the
business.
A broker who closes loans in his/her name is required to maintain a minimum tangible net worth of $25,000.
Three business references.
Acceptable credit history as well as a MARI check.
What documentation is needed to apply for broker approval?
Broker Application
Articles of Incorporation, Articles of Organization or partnership agreements, if applicable, and if necessary corporate resolution
or equivalent (to ensure the person executing the agreement is authorized to do so)
Resumes of principal owner or officers and key personnel who oversee the business
Copies of current licenses
Financial statements and tax returns (only for table fund requests)
To become an approved broker with Aurora Financial, complete the Broker Application Package below:
"Brokers Must Submit Original Packet to Us" Faxed or E-mailed Copies will not be accepted
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