Coast2Coast Mortgage allows our W-2 employees to claim their expenenses without having to pay the company share of 10% on those claimed expenses. In order to do so, please complete the attached form and upload into the C2C Blaze Commission System when claiming expenses. The form should be accompanied with proof of the paid invoice.
Here is an example of how this will impact your pay:
Commission - $10,000
C2C fee - $995
Gross amount to MLO - $9005.
Company share 10% = $900.50
New Gross amount to MLO - $8104.50.
With expenses claimed -
Commission - $10,000
C2C fee - $995
Gross amount to MLO - $9005.
Expenses claimed - $5,000 (deducted from Gross amount above)
Revised Gross amount to MLO - $4005
Company share 10% = $400.50
New Gross amount to MLO - $3604.50
Plus $5000 expenses = $8604.50
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