A Marketing Expense Account (MEA) is additional fund available to a Mortgage Banker to grow and promote their business.
The Mortgage Banker has discretion regarding how the funds are used. These funds can be used to purchase marketing collateral, place advertisements, purchase goods through marketing store, etc.
MEA Accounts can be funded one of two ways:
- Performance (based on comp plan) - MEA Funds are awarded for loan volume for month prior - anywhere from $350 - $600.
- Will appear on your Commissions Statement
- This is considered "Use it or Lose it Money" - Money will expire by the 15th of the following month.
- Commissions - A portion of a banker's commission can be taken out pretax and be added to their MEA.
- Send an email to KHECHOK LANGCHUNG indicating the dollar amount to be moved from commissions to MEA.
- Money will remain in MEA until it is used
To view the balance of your MEA Account, visit: MEA BALANCE