Established brokers commonly do, because income scales with volume and the book pays on renewal. Most earn less than they did at the bank in the first year, because commission lags funding.
A bank pays a mortgage specialist every two weeks whether the file funds or not. A brokerage pays when the mortgage funds, and pays again when the client renews. That structure is why the comparison changes over time.
In the first year most new brokers earn less than they did at the bank, because commission arrives only after files fund and a pipeline takes months to build. Once the book is established, income scales with volume and renewals add to it, which is why established brokers commonly earn more.
The useful question is the three year picture, not month three. Plan for the income gap before you resign.
The conversation is confidential and nothing is said to your employer. Clients you originate as a broker are yours, including the renewal and the referral. The client list you built at the bank stays at the bank, and we will not ask you for it. What we carry is the licensing paperwork, the lender registrations and the first hard files while you learn where they go.
Pay, benefits, the income gap and the renewal income that builds behind it.
What changes when you leave the bankLeaving a bank mobile mortgage specialist role to become a broker in BC, Alberta or Ontario: licensing, the income model, lender choice and your contract.
Non solicit clauses, privacy law and the client list that cannot leave with you: what a banker turned broker can and cannot do with existing relationships.
Nine steps from the bank to a brokered book: licence, brokerage, orientation, plan, network, first file, book, specialty, scale, and the support at each.
Bring your questions to a discovery call and a broker owner will answer them directly.