Revenue sharing for mortgage brokers is a strategy to incentivize brokers to originate extra loans by giving them a share of the income. This is usually a very efficient strategy to improve 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 lots of other ways to construction a revenue sharing program. One frequent method is to offer brokers a share of the online revenue on every mortgage they originate. One other method is to offer brokers a flat price for every mortgage they shut. The precise phrases of this system will differ relying on the lender and the dealer.
