Mortgage Referral Program for Individuals

Benefits:

  • We don’t sell other financial products to the party you referred
  • Referral Fees paid directly into your bank account
  • Superior mortgage rates and flexible mortgage approvals
  • Residential, Commercial and Agricultural products available from Banks, Trust Companies, Credit Unions and Private Lenders
  • No charge-backs on your mortgage referral fees
  • Referral partners don’t require a mortgage license or E&O Insurance for simple introductions
  • Free mortgage website with your customized information so you can share with your friends and family on Social Media
  • You have a dedicated Mortgage Professional to help support your customers’ requests
  • Access information and make introductions from your personal mortgage website

Compensation Structure

For each client that you refer that results in a completed mortgage transaction, you will receive a referral fee. Your referral fees are calculated as a percentage of the finder’s fee received by ResCom from the applicable mortgage lender BC based on the particular deal.

The Numbers!

Example #1:

ResCom arranges a $500,000 first mortgage and your client chooses a 5-year variable rate product. Your compensation would be calculated as follows:

    • Mortgage Amount: $500,000
    • Product: 5-year variable
    • Finder Fee: 0.8% (80 bps)
    • Gross Commission on deal: $500,000 x 0.8% (80 bps) = $4,000
    • Referral Fee (15%): $4,000 x 15% = $600!

Example #2:

ResCom arranges a $500,000 first mortgage and your client chooses a 10-year fixed rate product. Your compensation would be calculated as follows:

      • Mortgage Amount: $500,000
      • Product: 10-year fixed term
      • Finder Fee: 1% (100 bps)
      • Gross Commission on deal: $500,000 x 1% (100 bps) = $5,000
      • Referral Fee (15%): $5,000 x 15% = $750!

*Examples subject to change.

For any questions about the Mortgage Referral Program for Individuals, please contact ResCom Mortgage Solutions Inc.

Primary Contact: Kevin McIntyre, MBA | President & CEO
Toll-Free: 1.855.585.2080
Email: Kevin@rescommortgage.com