A brokerage is the licensed firm you work under. A network is a larger brand that brokerages belong to for lender volume, branding and tools, usually in exchange for a royalty on each file.
Your licence sits with a brokerage: the firm that employs or contracts you, holds the lender agreements, reviews your files and pays you. A network is a national or regional brand that many independently owned brokerages join. The network aggregates volume across its member brokerages to earn lender status, provides a brand, technology and training, and charges a royalty or fee on each file for it.
The practical difference is who you deal with. Your split, your support and your day to day are set by the brokerage, not the network. Two brokerages under the same network banner can offer very different splits, fees and support. The network name on the door tells you about lender status and branding; it tells you nothing about who answers your call on a hard file.
When comparing, treat the network fee as one line on the cost sheet and judge the brokerage on its own.
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.
Canadian mortgage brokerage networks explainedSix 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.
Most recruiting pitches compete on one number. A framework for comparing brokerages on what lands in your account after fees, royalties and lender status.
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.