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 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 numerous other ways to construction a revenue sharing program. One frequent strategy is to present brokers a share of the online revenue on every mortgage they originate. One other strategy is to present brokers a flat charge for every mortgage they shut. The particular phrases of this system will differ relying on the lender and the dealer.