Membership Fees

The membership fees are determined by the number of users (Loan Officers/External Loan Officers) your organization plans to add to the member account. You can opt for either annual or quarterly payment plans, with the pricing structure outlined above for your convenience.

MRAM Purchased for Transactions

Upload Fee for Loan Proposal: $15.00

MRAM serves as our internal credit system, designed to enhance the speed and efficiency of transactions within the platform. Each MRAM holds a value of $1.00 USD. Brokers are required to possess 15.00 MRAM ($15.00) per transaction to initiate the uploading of their loan proposals into the MAMRAMIM bidding engine, where Lenders can anonymously view and bid on them.

Each loan proposal remains open to receive bids for a maximum of 72 hours before expiring. Upon reaching an agreement between a Broker and a Lender within the bidding engine, a commitment is signed. It's essential to note that this "commitment" does NOT constitute A LOCK; rather, it signifies a shared commitment to exert "best efforts" in meeting the agreed-upon terms.

If a proposal fails to attract bids within this timeframe, we recommend a reevaluation of the proposal, which may involve enhancing supporting documents, adjusting terms, etc.

At the time of commitment an additional 50.00 MRAM ($50.00) will be temporarily placed on "hold." This hold is lifted once the Broker/Loan Officer/Ext. Loan Officer returns to the bidding engine and marks the transaction as "funded" or "canceled;" as well as rates their experience with the Lender.

Upon rating, the 50.00 MRAM previously on hold will be released back to the Broker’s MRAM ledger.

NOTE: If the transaction is NOT rated within 30 days of the transaction being marked “funded” or “canceled” the Lender will forfeit the held MRAM.