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By: Staff Reporter
One26 Mortgages has announced it will pay upfront commissions to brokers once a loan figure is confirmed – usually two business days after settlement.
According to a company statement, brokers that settle loans with one26 can expect 0.7 per cent upfront commission and 0.2 per cent trail paid from settlement date with no claw backs.
In addition, One26 Mortgages has announced a support package for brokers that settle $2 million in loans by 31 December 2010 with the company.
Brokers that settle enough loans to receive the support package can expect to have their Australian Credit Licence fees reimbursed as well as their association fees with the MFAA of FBAA paid.
One26 mortgages is the NSW licensee of Mortgage Brokers Alliance, a Queensland-based mortgage management company.
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