Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Mortgage Choice reaffirms commission rate policy

Staff Reporter 1 minute read

While mortgage broker commissions and ‘fee for service’ models are attracting increasing attention, mortgage broker Mortgage Choice has reaffirmed its commitment to its ‘paid the same’ commission rate policy.

According to the brokerage’s CEO Michael Russell, the company’s commission rate policy ensures its brokers are not swayed by lenders with greater commission payments.

“Varying commissions paid to financial services providers can encourage bias. Our franchise owners’ dedication to being ‘paid the same’ for sourcing home loans for Australian borrowers is indelibly stamped into the way we do business,” Mr Russell said.

Mr Russell said the company’s policy would not change despite a push by other brokerages to move to alternative models.

Mortgage Choice reaffirms commission rate policy
default
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

default

 

more from the adviser
Paul Herbert AMP Newsroom

Breaking News

AMP hires intermediary head

AMP Bank has recruited from MyState for its new head of intermedi...

Theo and Alex Shore Financial

Breaking News

Brokerage officially launches white-label loan

North Sydney-based brokerage Shore Financial has officially launc...

interest rate savings

Breaking News

More clients look to lock fixed rates than 2020

More borrowers are eager to lock in fixed interest rates than thi...