[Brokers] New Broker Academy 2024 Melbourne

  • September 6, 2023
When:
June 13, 2024 @ 9:00 am – 3:30 pm Australia/Sydney Timezone
2024-06-13T09:00:00+10:00
2024-06-13T15:30:00+10:00
[Brokers] New Broker Academy 2024 Melbourne

Dear Oxbridge Partners and Affiliates,

Oxbridge is proud to be a sponsor for the 2024 New and Prospective Broker’s academy held in Sydney, Melbourne and Brisbane. Oxbridge has access to private development finance with a list of 1,500+ domestic and international private funders accessible through our own proprietary software. With private development finance we mandate the client (usually 1.5%-3.3% for finance brokering) and also obtain the exclusive listing so that Oxbridge is the exclusive selling agent for the projects we finance (usually 5.5%-8.8%).

With an impressive portfolio of over 5,500+ live listings, generating a substantial number of leads each day, Oxbridge is committed to supporting our members on this exciting journey into mortgage and private finance brokering through dedicated business mentorship.

Register: https://momentum.eventsair.com/the-adviser—new-broker-academy-2024/nba24/Site/Register?

Brisbane Tuesday 4 June
Location: Waters Edge Brisbane
Prospective brokers start and end time: 9:00am – 3:30pm
Established brokers start and end time: 10:00am – 3:30pm

Melbourne Thursday 13 June
Location: Sofitel Melbourne on Collins
Prospective brokers start and end time: 9:00am – 3:30pm
Established brokers start and end time: 10:00am – 3:30pm

Sydney Wednesday 26 June
Location: Le Montage Sydney
Prospective brokers start and end time: 9:00am – 3:30pm
Established brokers start and end time: 10:00am – 3:30pm

ABOUT THE MORTGAGE BROKERING BUSINESS

Mortgage Brokering is a phenomenal industry that offers truly passive income and the ability to build your book. The average income of mortgage brokers at Oxbridge is an impressive $188,046 (https://www.brokernews.com.au/news/breaking-news/how-much-do-australian-mortgage-brokers-earn-280893.aspx) whilst top brokers can earn over $2m a year often in passive income (https://au.finance.yahoo.com/news/cba-apos-top-200-mortgage-191804595.html).  The best thing about finance brokering is the TRUE PASSIVE INCOME. Oxbridge Training (www.oxbridge.training) offers individuals to obtain their certificate and diploma in mortgage brokering in a short amount of time. Very few professionals are qualified in both real estate and mortgage brokering. The key to a successful mortgage broking business are the leads. With over 4,500+ online listings and another 1,000 off market listings the Oxbridge Real Estate business side provides an excellent source of lead generation

Although the details around when and how brokers receive commission varies from lender to lender, generally speaking: Upfront commission: 0.65% (+GST) to 0.85% (+GST)

The upfront commission is the largest component of the commission. The broker receives this once your loan settles. Trail commission is what the broker receives every month for the life of the loan. Usually, this trail is set at 0.15%-0.40% per annum based on the remaining loan amount each year.  To be clear, mortgage brokers don’t work for the banks, although there are some mortgage brokerages that are partly-owned by banks and larger lenders. Oxbridge is always 100% independent (e.g. Aussie is owned by Lendi which is owned by numerous shareholders including CBA, 1835i (ANZ’s external venture capital partner) and Macquarie Bank, RAMS is owned by Westpac, REA owns Mortgage Choice etc)

Working on a typical loan size of $850,000 and writing 20 loans in the first year. The commission received by the broker would be

$750,000 (20 x 0.70% + 20* 0.45%) = $119,000 (upfront) + $76,500 (Trail) = $195,500

Top brokers in Australia (See https://www.mpamag.com/au/best-in-mortgage/top-100-brokers-2022/429801) receive well in excess each year of $3M upfront commission and at least 3x that in terms of trail commissions for the life of the loan. Several Oxbridge brokers are doing exceptionally well earning 6 figure income. Some Oxbridge members are dual qualified in mortgage brokering and real estate which is a huge competitive advantage in the market place. Trail commission is really true passive income

The Oxbridge Finance Team

 

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