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