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Lender doubles broker commissions

by Staff Reporter7 minute read
The Adviser

Jessica Darnbrough

Determined to snag market share away from the major lenders, one of Australia’s Top 10 Originators has decided to double the commissions it pays to its broker partners.

Yesterday, Mortgage EZY’s chief executive, Garry Driscoll, said the lender would double the commission paid to any broker who submits their first deal to Mortgage EZY between now and the end of the year.

“We are confident that once they receive the Mortgage EZY experience, brokers will be back again and again,” Mr Driscoll said.

Mr Driscoll added that existing brokers have not been forgotten, with special offers currently available and with variable rates starting from 5.59 per cent, fast turnaround times, no application fees on selected products, a no clawback option plus upfront commissions paid within three days of settlement.

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