A brokerage provides the licence you operate under, the lender agreements and status your files carry, compliance oversight, and in a full service model, processing, underwriting support, technology and training.
At minimum, a brokerage provides the regulatory structure: you are licensed under it, it holds the lender agreements, it is responsible for compliance and it pays you. Every brokerage does this, and a bare bones brokerage does little more, which is why it can offer a high split.
A full service brokerage provides the things a broker cannot easily build alone. Lender status earned by the brokerage's total volume, so your files move faster. An underwriter or deal desk for files you cannot place. Processing so you are not chasing documents. Compliance review and licence deadline tracking. A portal, included, and technology at negotiated rates. Training, lender sessions and a community that answers questions. Marketing support that produces something.
What a brokerage should not be expected to provide is clients. Leads are either bought, which you can do anywhere, or earned from your database and partners, which no brokerage can do for you. We provide the infrastructure. You build the book.
We publish how to compare us with everyone else because the comparison holds up. Every fee is in writing before you sign. Lender status is top tier from your first submission. Processing, compliance and payroll are carried at head office. The portal is included; BrokerDam is a paid CRM at a member rate, never a bundle. Compensation is top tier and competitive, set against your volume, and worked through on a discovery call with your last twelve months in front of us. We provide the infrastructure. You build the book.
The full guide, with the detail and the numbers.
How to compare mortgage brokeragesSix things that decide whether a new mortgage agent funds files in year one: training, a mentor, lender status, underwriting support and a 90 day plan.
Ten brand names, three parent companies. Who owns what in Canada's mortgage brokerage networks and how that changes the way you read a recruiting pitch.
A recruiting conversation tells you what a brokerage wants to say. Fifteen questions on splits, fees, status, support and exit terms tell you the rest.
Bring your questions to a discovery call and a broker owner will answer them directly.