I completely agree with Richards comments being a mortgage broker myself. Companies dishing out part of their commission are neither doing any good to themselves nor any good to their clients. By rebating the commission they are reducing future investments to their own business hence lower value to their clients in the future. Also customers who are after rebates would realise that would lead to many honest brokers out of the market in the long run and hence also reduce competitiveness of the industry. Banks are reducing commissions to the brokers now having tried all other direct models like online and also branches which have failed in their service proposition. Good news is that most clients are not after commissions and want a honest and reliable service from preapproval to settlement.

Regards

Hitendra Jagdale
The Mortgage Professionals
Tel:       02 96314783
Mobile: 0415 383 478