Revenue sharing for mortgage brokers is a approach to incentivize brokers to originate extra loans by giving them a share of the earnings. This generally is a very efficient approach 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 other ways to construction a revenue sharing program. One widespread strategy is to offer brokers a share of the online revenue on every mortgage they originate. One other strategy is to offer brokers a flat payment for every mortgage they shut. The precise phrases of this system will differ relying on the lender and the dealer.
