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Advantedge challenges lenders on clawbacks

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Australian Broker | 24 May 2011, 05:00 AM Agree 0
Advantedge has challenged lenders to adopt its clawback structure, which it says recognises the work brokers perform in originating loans
  • positivebroker | 24 May 2011, 12:04 PM Agree 0
    Fair is fair. At last a lender prepared to share the cost. Let's face it, as brokers we don't want clawbacks but if its a commercial reality at least Advantedge is sharing the burden. Maybe the DEF ban will herald a new dawn for non banks? As long as they don't increase upfront fees that is.
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