You want Higher Commissions – We want deals that fit the Credit Box.
Let’s work together toward THE common goal.
The Broker Bonus Program:
– designed to pay higher commissions in return for deals that fit our Credit Box.
- If volume is what we fund for you – you get a high bonus (.67% more)
- If quality is what we fund for you – you get a higher bonus (.75% more)
- If quality and volume is what we fund for you – you get the highest bonus (1.00% more)
Bonuses are paid annually and quarterly based-on funded performance data over time.
(Approval and Look-to-Book (L2B) ratios are figured via the number of deals approved and funded / total apps submitted)
|Standard Broker Points||7%||5%||4%||3%|
|$ Amount Paid to Vendor:||Up to $25,000||>$25,000 – $75,000||>$75,000 – $125,000||>$125,000|
Adding Bonuses to the standard Commissions for all OUR Brokers!
Broker Bonus Extra – Tier 1 (the Goal for start-up Brokers)
Submit 25 total apps annually and fund $75,000 for 3 out of 4 quarters (with a 12% L2B)
Amount awarded at year’s end is a 0.5% bonus of total new business funded
Broker Bonus Plus – Tier 2
Award levels based on three primary performance metrics related to new business volume…
Bronze -$120k funded per quarter with 13% L2B = 0.67% Bonus
Silver – $120k funded with 35% Apps Approval rate = 0.75% Bonus
Gold – $120k funded, 30 Total Apps submitted and with 16% L2B = 1.00% Bonus
Broker Bonus Preferred – Tier 3
Paid at funding for each new deal
- Determined annually (January 1st) based on previous calendar year’s Performance
- Must be among Top 5 for total funded amount
- Continued eligibility for Tier 1 and Tier 2 Bonuses (see criteria above)
- Opportunity and Invitation to attend “Broker Weekend” in Jackson, Wyoming
- Each new deal earns an additional Point (1%) to Broker Commission when funded
Hitting Tier 3 & Tier 2 Gold has its Perks!
- Earn up to 2 more points on each deal to boost your bottom line.
To develop a plan to hit YOUR goals for 2022, Call Kit – 307.241.7005
Email – firstname.lastname@example.org