How the Cypher Partner Program Works
The program has one goal: let you serve your clients’ mortgage needs properly and in compliance with the rules, without building a mortgage business from scratch. Over more than two decades, we have refined our systems and procedures so that a partner’s origination steps typically take about an hour of your time per loan, spread out over two to four weeks. Here is the path from first conversation to funded loan.
Every Cypher Partner is a licensed mortgage loan originator (MLO) with Wymac Capital: their California DRE license is affiliated with Wymac, and their NMLS MLO endorsement is sponsored by Wymac. You originate your clients’ loans yourself, with our team behind you.
Step 1: Connect Online
Fill out the online interest form or book a video or phone meeting with our partner team using our online appointment request. We’ll discuss your practice, your clients, and whether the program fits. Wymac currently arranges loans in California.
Step 2: Get Licensed (Both Tracks Can Run Simultaneously)
Wymac Capital operates under its California DRE broker license with an NMLS MLO endorsement. Every Cypher Partner needs a California DRE license, either a salesperson license or a broker license (as a Broker Associate), affiliated with Wymac, plus an NMLS MLO license endorsement. In general, that involves:
- College-level real estate courses and the DRE license exam, plus Live Scan fingerprints
- 20 hours of NMLS-approved pre-licensing education
- Passing the National SAFE MLO Test with Uniform State Content
- An FBI background check and a credit report through NMLS
- Affiliation with Wymac at DRE and sponsorship by Wymac in NMLS
You can complete the DRE and NMLS education and testing tracks simultaneously. You do not need to finish DRE first. We guide you through the whole process, from coursework to NMLS sponsorship. Licensing costs are paid by the partner. See the Licensing Path page for details →
Step 3: Train on the Process and on Cypher
Training is live, by Zoom or in person, and very hands-on. Our team walks you through the residential mortgage process and the Cypher platform in detail, and we stay with you on your first loans. You remain an independent contractor running your own practice, and Wymac provides the broker supervision the DRE requires.
Step 4: Serve Your Clients (About an Hour of Your Time Per Loan)
When a client needs a purchase loan or a refinance, you work with them as their licensed loan originator. Because Cypher and our team support you at every stage, your part of the workflow typically takes about an hour of work stretched out over 2 to 4 weeks. As a licensed originator, you may quote rates to your client if you wish, and you help ensure they aren’t talked into unnecessary points or bloated closing costs. The lender issues all required loan disclosures, such as the Loan Estimate and Closing Disclosure, including your compensation.
Step 5: Wymac Handles Upfront Document Review, Lenders, and Processing
Our in-house team personally reviews the borrower’s income and asset documentation up front, selects competitive lender options from our broad network of wholesale lenders, manages processing, and coordinates the loan through closing. You stay informed and in contact with your client throughout.
Step 6: You’re Paid for Your Origination Work
After the loan closes, you receive your commission. Cypher Partners earn a fixed, transparent commission for the origination work they perform. It is structured to comply with the loan originator compensation rules of the Dodd-Frank Act and Regulation Z, and it is disclosed to the consumer. On consumer mortgage loans covered by those rules, it does not vary with the interest rate or other loan terms. We share full compensation details with prospective partners after they contact us.
Step 7: Stay in Touch Through RateAnalyzer
After closing, our patented RateAnalyzer system monitors the loan and flags when your client could refinance at a lower rate on a no-points, no-fees basis, so you can follow up with timely, helpful news.
Who Does What
| Feature | Cypher Partner | Wymac team (in-house MLOs and processing) | Lender |
|---|---|---|---|
| Client relationship and advice | ✔ | Support | |
| Licensed loan origination | ✔ | ✔ | |
| Quoting rates to the client | ✔ (optional) | ✔ | Sets pricing |
| Taking the application | ✔ | Support | |
| Upfront personal document review & choosing lender options | ✔ | ||
| Processing | ✔ | ||
| Closing coordination | ✔ (participates) | ✔ | |
| Training, broker supervision and ongoing support | ✔ | ||
| Loan disclosures (Loan Estimate, Closing Disclosure, etc.) | ✔ | ||
| Underwriting, loan approval and funding | ✔ | ||
| Post-closing rate monitoring (RateAnalyzer) | ✔ |
All loan disclosures are issued by the lender to ensure compliance.
Clients can even choose to sign their loan documents at their CPA’s or advisor’s office. We’ll send a mobile notary there.
Ready to Take the First Step?
Wymac Capital, Inc. · 346 Rheem Blvd #107, Moraga, CA 94556 (by appointment only) · Call or text 925-885-1919 · Main office 925-937-4300 · info@wymac.com
Real estate broker, California Department of Real Estate, License #01121628 · NMLS #18766 · DRE license information · NMLS Consumer Access · Equal Housing Opportunity
Cypher and RateAnalyzer are proprietary technologies of Sourcetec, Inc., licensed to Wymac Capital.
The information on these pages is for licensed and prospective financial-professional partners and is general in nature. It is not legal, tax, or compliance advice. Licensing requirements vary by state. Wymac Capital does not pay referral fees for residential mortgage loans. Cypher Partners are individually licensed mortgage loan originators who are compensated for origination work they perform.