What is a Funded Order?

"Funded Orders" are financed contracts that UGA elects to purchase. When a finance contract is purchased, Renatus receives a discounted lump sum from UGA. The discounted amount from UGA is then entered into the system and commissions are paid on the next commission run.  This means that instead of receiving commissions a little at a time over the term of the loan, IMAs will receive a discounted commission in advance. The financing/commission calculator in your business center will help you to calculate the approximate amount that you will earn when your customers financed contract is purchased by UGA.

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