Mortgage manager attributes growth to commission software
National mortgage manager Nationwide Lending, which has added 100 brokers to its ranks since May, attributed its rapid growth to its commission-altering software.
Strategic business manager Craig Pickering said that the continued growth in broker numbers, which hit the 250 member milestone earlier in the month, was mainly due to Nationwide Lending's software which allows brokers to determine their own commission structure.
"Using our software, the majority of our accredited brokers are earning 1% upfront on the deals they submit to us," he said.
Nationwide Lending was granted an eight-year patent on the Ultimate Home Loan Calculator software, which is freely available to brokers from the company's website.
The mortgage manager also revealed plans to build on the existing software to expand upon the products that it already encompassed.
Broker news forum is the place for positive industry interaction
and welcomes your professional and informed opinion.
Win a media advertising package worth over $10,000!
Have something interesting to say? The best comment of the month as judged by the
Key Media editorial team will receive a personal profile on Broker news and
in Australian Broker magazine as well as the opportunity to advertise their
business in the nationally circulated Your Mortgage magazine! To enter the competition, you must login with your Broker news username and password. If you are not already a member, sign up now!
Post a comment
Broker news welcomes your contribution. Your IP address is recorded in the event
of a complaint.