the adviser logo

Aggregator launches new remuneration model

by Charbel Kadib5 minute read
National Mortgage Brokers

A mortgage aggregator has announced the launch of a new revenue-sharing model for its broker network.

National Mortgage Brokers (nMB) has announced the implementation of its new “nMB Launch” partnership plan – an alternative remuneration arrangement tailored for new entrants in the broking industry.  

To continue reading the rest of this article, create a free account
Already have an account? Sign in

As part of the new scheme, brokers will be permitted to keep 100 per cent of their upfront and trailing commissions and pay a fixed onboarding fee of $1,000, a fixed upfront fee of $160, and a fixed trail fee of $5.

nMB’s newly appointed head of sales, Terry Walker, commented: “This new plan provides brokers with more control over their profitability during a key phase of their growth, all the while still benefiting from nMB’s high-support approach.”


Speaking to The Adviser, Gerald Foley, managing director of nMB, added that he expects brokers that opt for the Launch model to transition to the aggregator’s traditional revenue-sharing model, which it has rebranded to “nMB Build”.

“If [a broker’s] volumes are either intermittent or low for a sustained period, it makes sense to provide a flexible option.

“We think most brokers will quickly move from the Launch to Build model, but they may want to enter into the Launch model in the early days of their broking careers, where the economics would work better. 

Mr Foley said that despite continued uncertainty over remuneration in the broking industry, nMB believed it was the right time to introduce the new model.

“The recent market uncertainty has caused many to adopt a wait and see approach, but we think there is no better time than now for the broking industry,” he said.

“nMB has always been committed to supporting our brokers to build better broker businesses. The changes we are now announcing mean even more support and resources for our growing network.”

 [Related: New lender joins Connective panel]



Aggregator launches new remuneration model
national mortgage brokers ta
TheAdviser logo
national mortgage brokers ta

Charbel Kadib

Charbel Kadib


Charbel Kadib is the news editor on The Adviser and Mortgage Business.


You need to be a member to post comments. Register for free today


Glen Lees

Connective announces record settlement figures

Mortgage aggregator Connective has revealed that its brokers settled a record $95.5 billion across its residential,...

charles grover outfund ta zgvq5o

New SME lender launches into broker channel

A new fintech lender, Outfund, is ramping up for growth through the broker channel after having completed a capital...

david bailey afg ta l8ozkr

AFG’s bottom line hit by Volt closure

The ASX-listed company, Australian Finance Group Ltd (ASX: AFG) has confirmed it is set to deliver “strong...

Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more