Revenue sharing for mortgage brokers is a approach to incentivize brokers to originate extra loans by giving them a share of the income. This generally is a very efficient approach 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 various alternative ways to construction a revenue sharing program. One frequent method is to provide brokers a proportion of the web revenue on every mortgage they originate. One other method is to provide brokers a flat charge for every mortgage they shut. The precise phrases of this system will range relying on the lender and the dealer.
