Revenue sharing for mortgage brokers is a solution to incentivize brokers to originate extra loans by giving them a share of the earnings. This is usually a very efficient solution 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 a lot of other ways to construction a revenue sharing program. One widespread method is to present brokers a proportion of the web revenue on every mortgage they originate. One other method is to present brokers a flat price for every mortgage they shut. The particular phrases of this system will differ relying on the lender and the dealer.
