Usually around 0.9 to 1 percent of the mortgage in a lender finder's fee, shared with the brokerage. On a $500,000 mortgage that is $4,500 to $5,000, so about $3,600 to $4,500 to the broker at an 80 to 90 percent split, before fees.
On most prime and B lender mortgages the lender pays a finder's fee when the mortgage funds, commonly around 0.9 to 1 percent of the mortgage amount on a five year term, less on shorter terms. The brokerage receives it and pays the broker their split.
Worked example: on a $500,000 mortgage, a 0.9 percent fee is $4,500 and a 1 percent fee is $5,000. At an 80 percent split the broker receives about $3,600 to $4,000 before any desk fees, royalties or tax. At a 90 percent split it is about $4,050 to $4,500. Some lenders add volume bonuses on top.
Private mortgages work differently. The lender pays no commission, so the broker charges the borrower a disclosed fee, often a percentage of the loan agreed in writing.
Per deal income is only half the picture. Annual income is the number of funded deals times the average fee times your split, minus fixed costs, which is why volume and fees matter more than any single file.
Compensation at A.I.M.I. Collective is top tier and competitive, set against your volume, with every fee in writing before you sign. The finder's fee figures on this page are industry ranges, not an A.I.M.I. rate.
Annual income by volume, province figures and worked examples.
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