Frequently Asked Questions About Cypher™
How difficult is the work I
must do?
Through our patented process, called Cypher™, the
strategic partner will spend a few minutes filling in screens on
the computer. As a strategic partner, you will have your
clients sign forms generated by the Cypher™ program, and you
will collect certain documents. The strategic partner will get
the forms and documents to Wymac Capital, Inc., who will process
the package and find a lender for the loan. The strategic
partner will also perform a few other functions.
Does Wymac Capital, Inc. give
me any support with my clients?
Wymac Capital, Inc. will assign full-time loan agent(s) and
processor(s) to both you and your clients. The loan agent will
walk you through as many loans as you need help with and can
even be with you to assist you on your first few deals. We also
provide mortgage errors and omission insurance to those who hang
their license(s) with Wymac Capital, Inc.
How much does Wymac Capital,
Inc. charge me to join this alliance?
It is completely free to you. But if you are not licensed
by your state,
you will have the normal costs of getting licensed, if your
state requires a license.
How do my clients benefit?
Through Wymac Capital, Inc. they will have access to:
- Our funding sources
- Very competitive rates
- Special pricing on settlement
charges
- Our special RateAnalyzer™
program that will alert us when rates have dropped enough that
they should be refinancing, usually on a no-point, no-fee
basis.
Do you charge my clients extra to justify paying me?
No! Our pricing remains the same whether the borrower comes
through you or comes directly to Wymac Capital, Inc. We can
justify your compensation because you are doing part of our work
and you should be paid for it.
Can you do commercial loans?
Yes! With more than 300 lenders, some do commercial loans.
Do my clients know I am
getting paid?
Yes! We at Wymac Capital, Inc. are strong advocates in full
disclosure.
Do you do loans for those that
have poor credit?
Yes! We not only get them the most competitive rates we can
find, we also instruct them on what they need to do to qualify
for an "A" paper loan in the future.
How do I get paid?
Upon funding of the loan and Wymac Capital, Inc. being paid
by our lender/investor, we will cut a check for you.
Who do you pay?
The person or company that is licensed with Wymac Capital,
Inc. and who has done the necessary work is the person or
company that is paid.
Who can use the Cypher™
process?
The Cypher™ process was designed for those professionals
that already have information on their clients and/or
customers. This includes, but is not limited to: CPAs,
financial planners, broker-dealers, credit unions, banks, home
builders, real estate brokers, insurance agents, etc. Since
they already have data needed on the loan application, a
synergism is created which makes the Cypher™ process a win-win
arrangement.
Who do I call for more
information about Wymac Capital, Inc. and the Cypher™ program?
Russell W. McDonald, Sr. at 925-937-4300 or email at
rm1@wymac.com
Cypher™ is protected by U.S. Patent
Numbers 7,315,841, 7,340,435 and 7,386,504 with other patents pending. |
