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Commission shake-up rewards broker loyalty

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Australian Broker | 26 Sep 2014, 07:15 AM Agree 0
A major bank that announced an overhaul to its commission structure has said it did so to reward broker loyalty
  • Tradies Finance | 25 Sep 2014, 01:24 PM Agree 0
    Does that mean CBA are starting to recognise the importance of Brokers to their market share? Maybe we will start seeing some positive comments coming from their senior management about Brokers???
  • Frank Paratore | 25 Sep 2014, 01:29 PM Agree 0
    Always positive when a bank recognises broker partners !
  • Ray-Perth | 25 Sep 2014, 02:50 PM Agree 0
    Gee that's a turn. In the past the CBA's senior management in the broking area have appeared to blame anything and everything on us poor brokers. There needs to be a real obvious and genuine attitude change in that banks attitude to mortgage origination because its costing them a heap of business
  • Macarthur Broker | 26 Sep 2014, 07:11 AM Agree 0
    CBA is only catching up with the market here. They really need to improve the way they deal with broker applications and show a little more respect to the broking industry if they want to increase volumes.
  • Wayne B-S | 26 Sep 2014, 09:17 AM Agree 0
    Very positive and yet still, with keeping clients with CBA with other loans, a new CBA loan with existing CBA clients is not recognised in going to the top of the trail commission from day 1 like others do.
  • Lee Broker | 26 Sep 2014, 09:32 AM Agree 0
    I can't believe the number of trails that have mysteriously disappeared, cba need to lift their game.
  • Papery | 26 Sep 2014, 10:05 AM Agree 0
    Yet the CBA still tease us.....this has been promised for at least the last four months & still we have to wait until Jan2015 before the change is implemented, so thats Feb before we see reward for effort/recognition.
    Im sure if they were going to announce any cuts the changes would be effective a lot sooner.
    Well played CBA...well played.
  • Tony South Coast | 26 Sep 2014, 10:22 AM Agree 0
    Not before time. ....but well done anyway. It will be interesting to see if the "ramped trail" includes existing client loans or only new settlements.
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