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Lender incentives for brokers: good or bad?

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Australian Broker | 22 Jun 2015, 07:45 AM Agree 0
Lenders offering rewards and incentives to their top performing brokers does not cause any conflict of interest, according to the CEO of the FBAA
  • Regional Broker | 22 Jun 2015, 09:00 AM Agree 0
    Oh No incentive? Really are you serious.
  • Skeptikal | 22 Jun 2015, 10:19 AM Agree 0
    Makes no difference anyway. As soon as Brokers think things are starting to improve, Lenders move the goal posts. So I don't think most 'experienced' brokers give much credibility to what they say and just get on with running their businesses the best they can through the ups and downs.
  • Perth Broker | 22 Jun 2015, 11:22 AM Agree 0
    Peter White, get out there and talk to some of your "non platinum brokers" before you make comments like this. Platinum brokers get faster approval, better service and sometimes even better rates...and if that doesn't affect the client/borrower...what does?
    The aggregator should reward their platinum brokers, as they do already, but the Banks shouldn't. Every broker should be treated equally by the Banks.
  • Maria Rigoni | 22 Jun 2015, 05:09 PM Agree 0
    "top performers are always rewarded" ERR... NO volume is being rewarded. Only a fool would believe quality comes from volume.
    The focus is on the relationship between the lender and the broker and the banks are demonstrating their ignorance of who their customer actual is!
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