Does the Mortgage Originator Pay for RatePlug’s MLS mortgage marketing software?

RatePlug assesses each Mortgage Originator that participates in our Program a fixed annual license fee that grants them a license to use the Mortgage Marketing Software, among other things. The amount of the annual fee will not vary based the number or volume of residential mortgage loans facilitated by the Software. In consideration of the annual fee, Mortgage Originators gain the ability to easily and quickly communicate the Mortgage Originators’ mortgage products and rates to Participating Realtors and their home-buying clients. The Mortgage Marketing Program also provides the Mortgage Originators with access to a reporting mechanism that permits them to view the number of Participating Realtors with which they are affiliated through the Program, the number of property listings on which their mortgage information is displayed, how many flyers they have created, and other system usage data.