About our Founder:
Mark Carlson concluded his illustrious 25-year career in mortgage originations in March 2022, to concentrate exclusively on launching parpay, a groundbreaking benefit tailored for Mortgage Loan Officers (MLOs). The genesis of parpay sprang from a simple yet profound inquiry in response to an email: "What could I do better as an employee to enhance our team?"
This query ignited a spark of inspiration within Mark, prompting him to conceptualize a solution that could expedite payments for Mortgage Loan Officers. In a pivotal moment of enlightenment, the idea for "parpay," signifying "fair pay," was born.
Drawing from his extensive experience in the mortgage origination ecosystem, Mark recognized the widespread use of the lingo "par-pricing" and embarked on a mission to address the pressing need for faster compensation for MLOs.
Mark's journey was propelled by a quest to unravel the mystery behind the delayed compensation for Mortgage Loan Officers, who, unlike other parties involved, were not compensated - at closing. This quest stemmed from a genuine desire to cater to the unique needs of MLOs, providing them with greater financial flexibility, income stability, and swifter access to their hard-earned commissions. With a career marked by the successful closure of thousands of loans, primarily sourced through retail referrals from REALTOR® and Builder relationships, Mark's professional accolades include serving on various industry boards and receiving numerous production and leadership awards. His commitment to community service and advocacy for industry initiatives further solidifies his reputation as a respected leader among peers.
Deuteronomy 24:15
“Slow is smooth, and smooth is fast” means that taking your time to do things carefully and with precision will ultimately make you faster and more efficient in the long run. It suggests that rushing things may cause errors that could delay your progress or even lead to failure.
“Slow is smooth, and smooth is fast”
our story
Founders Experience:
Drawing from his extensive experience dating back to 1997, Mark recognized the pivotal role of cash-flow in the unpredictable landscape of mortgage lending. His contemplation led him to ponder innovative solutions for accelerating commission payments for MLOs, including exploring a residual income model based on buyers' payment performance.
Having navigated through different phases of the mortgage industry evolution, from handwritten GFEs to the implementation of regulatory reforms such as TRID/TILA, Mark's expertise spans across various LOS platforms and operational frameworks. His tenure at both private companies and Fortune 100 banks, recognized for their excellence in workplace culture and industry leadership, provided invaluable insights into the complexities of commission structures and the challenges faced by MLOs.
Founders fit, insight and deep understanding:
Mark's profound understanding of the mortgage business, honed through years of experience, underscores his unwavering commitment to empowering MLOs. His journey epitomizes resilience, perseverance, and dedication in the face of market uncertainties, embodying the ethos of "becoming" through continuous learning and adaptation.
With an intimate knowledge of income draws, split commissions, and diverse pay scales, Mark is well-equipped to spearhead initiatives aimed at providing early access to commissions in an environment characterized by 100% commission-based compensation. His familiarity with the intricacies of closings, coupled with a compassionate approach to client communication, reflects his steadfast resolve to champion the interests of MLOs and revolutionize the mortgage industry landscape through parpay.