Revenue sharing for mortgage brokers is a option to incentivize brokers to originate extra loans by giving them a share of the income. This is usually a very efficient option to enhance 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 method is to provide brokers a proportion of the online revenue on every mortgage they originate. One other method is to provide brokers a flat payment for every mortgage they shut. The particular phrases of this system will differ relying on the lender and the dealer.
