Video Discription |
Understanding Mortgage Commissions: Average Case Size and Earnings Explained
In this video, I'll answer a viewer-submitted question about the average case size for mortgages and protection, including potential earnings for both employed and self-employed brokers. We'll break down the different parts of mortgage commissions, including the PROC FEE, insurance commission, and broker fees. I also explain the differences in income distribution between employed and self-employed brokers. This video provides a comprehensive overview of how mortgage brokers can maximize their earnings through good insurance practices and reasonable fees. Subscribe for more insights on boosting your mortgage brokering business!
00:00 Introduction and Video Overview
00:56 Understanding Mortgage Commission
01:29 Calculating PROC Fees
03:09 Insurance Commission Breakdown
08:19 Broker Fees Explained
11:29 Self-Employed vs. Employed Brokers
14:58 Conclusion and Additional Resources
Go Deeper:
Tune into my Mortgage Business Mastery podcast, dropping new episodes every Monday, Wednesday, and Friday. This solo show answers questions from brokers, submitted via my Instagram page, diving deep into what you want to know. Stay ahead of the game with the insights shared in every episode. If you're a broker looking to up your game, this podcast is for you.
https://ashborland.com/solo
Learn More On Instagram:
Follow me on Instagram for practical short video tutorials on systems and processes to boost your sales and marketing as a mortgage broker. The content here is different from YouTube and highly valuable for advisors. It's also where I interact with brokers and gather questions for my solo podcast episodes
https://ashborland.com/instagram
Free Course:
Check out the Free Mortgage Marketing Blueprint, a comprehensive seven-step course designed to help mortgage brokers build a solid and robust marketing system for their brokerage. This course covers everything you need to know to succeed.
https://ashborland.com/blueprint
Podcast Interview Series:
Listen to the Mortgage Mavericks podcast, where I interview the best and brightest in the business. They share their stories and insights, with new episodes released every Thursday.
https://ashborland.com/mavericks
Let’s Connect:
Feel free to connect on LinkedIn here
https://ashborland.com/linkedin
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