Revenue sharing for mortgage brokers is a option to incentivize brokers to originate extra loans by giving them a share of the earnings. This is usually a very efficient option to improve mortgage quantity, as brokers usually tend to work arduous to shut loans in the event that they know they are going to be rewarded for his or her efforts.
There are numerous alternative ways to construction a revenue sharing program. One frequent strategy is to provide brokers a proportion of the online revenue on every mortgage they originate. One other strategy is to provide brokers a flat charge for every mortgage they shut. The particular phrases of this system will fluctuate relying on the lender and the dealer.
