What If You Got Paid on Both Sides of the Transaction
Oaktree Funding's RELO Program lets licensed agents earn $500 per closing — and build a residual income stream through a 7-tier recruiting model. No loan officer license required to start.
$500.00 Per Closing - No License Required to Start
Every Transaction Has Two Paydays. You've Only Been Collecting One.
$500 flat fee per closing — purchases, refinances, and HELOCs. No NMLS license required for your first 10 transactions.
After 10 transactions Oaktree pays for your NMLS originator license. Then your compensation steps up to 0.5% per loan — up to $2,500 per file.
A 7-tier recruiting model pays you residually every time someone in your network closes a loan — whether you're working or not.
Non-QM and non-qualifying mortgage products your clients can't get at most lenders — giving you an edge on deals others can't close.
If You're Already in the Deal, You Should Be Paid for Every Part of It.
If you're a real estate agent, you already know this feeling: you bring the buyer, you work the deal, you shepherd it to closing — and then watch the lender collect their check while yours stays the same. Oaktree Funding built the RELO Program to fix that.
As a Business Development Manager you earn a $500 flat fee for every transaction — purchases, refinances, or HELOCs. No loan officer license needed to start. Oaktree pairs you with a co-originator who handles all the back-end loan work so you stay focused on what you do best.
$500 flat fee per closed transaction. Works on purchases, refinances, and HELOCs. No NMLS license required for your first 10 deals.
Originator Income
Once you complete 10 transactions, Oaktree pays for your NMLS originator license. From there you earn 0.5% per loan up to $2,500 per file. A $400,000 loan pays you $2,000.
Recruiting Income
A 7-tier recruiting model pays you residually every time someone in your network closes a loan. The more agents and LOs you bring in, the more your income compounds — whether you're working or not.
Ready to Add a New Income Stream to Your Transactions?
Join the Oaktree RELO Program today. Start earning $500 per closing with no license required, and build a residual income stream through our 7-tier recruiting model. Let's talk.
No. As a BDM you can complete up to 10 transactions without a license. After that, Oaktree pays for your NMLS originator license.
How does the recruiting income work?
When you recruit agents or loan officers into the program, you earn a percentage of every loan they close — across 7 tiers. The more people in your network, the more your income compounds.
What types of transactions qualify for the $500 fee?
Purchases, refinances, and home equity lines of credit (HELOCs) all qualify for the $500 BDM fee.
Does this program conform to RESPA regulations?
Yes. RESPA restricts payments to third parties for loan referrals — but as a W-2 employee of Oaktree, you're not a third party, you're being paid for services you perform as part of your job. This structure has been allowed for conventional loans for decades, and HUD extended similar allowances to FHA loans in December 2022. Everything is fully disclosed to the borrower.
Why should I become a RELO (Real Estate Loan Officer)?
As a RELO, you're a part-time licensed loan officer who can earn up to 50 basis points per loan — up to $2,500 — instead of the flat $500 BDM fee. Oaktree pays for your license after your first 10 funded loans as a BDM, so the path to RELO status costs you nothing out of pocket. Beyond the higher per-loan payout, RELOs also build revenue share income by referring other BDMs, RELOs, and LOs into the program.
What are the required activities to earn the fee as a Business Development Manager?
BDMs complete six tasks per loan: send the borrower the secure loan application link, help them upload documents through the borrower portal, email the processor to open the loan file, order the inspection, request the appraisal, and request the flood certification. Several of these steps are templated or partially automated to keep the process simple.
What Non-QM products does Oaktree provide funding for?
Oaktree offers a full suite of wholesale Non-QM products, including Non-Agency Advantage, Titanium Advantage, and Platinum Advantage for high-credit borrowers with flexible documentation needs; Cash Flow Advantage and Investor Advantage for real estate investors; Jumbo A+ ARM, Jumbo A+ Fixed, and Super Jumbo for high-balance financing; and HELOC and Equity Advantage products for borrowers looking to leverage home equity.
