Agent Referral Program
Below I have given a basic run down of how my agent referral
system works, the program will only be on offer until there becomes too many
agents to service.
Loans over $300,000
Upfront commission
is calculated at 30% of lenders commission after aggregator fees. Based on average lender commissions we can
use 0.1881% of the loan amount.
Based on a loan of $300,000 multiplied by 0.1881% = $564.30
commission
Trail commission
is calculated at 30% of the lenders commission after aggregator fees. Based on average lender commissions we can
use 0.047% of the loan amount at the end of the month.Based on a loan of $300,000 multiplied by 0.047% = $141/12 = $11.75. It is calculated and paid monthly and will change as the loan balance changes for the life of the loan.
Loans between
$150,000 - $299,999
These loans will be paid a referral payment between $200 -
$400 depending on loan and amount.As the referral commissions are very competitive I do require a basic commitment of at least one loan per month settled from referring partners. This is a very achievable target and ensures that there is enough business for all parties to benefit.
If you are interested in working with Switch Now Home Loans
then please call 0448 111 046 or email william@switchnowhomeloans.com.au
to discuss.
