[Brokers] Paul Marshall from Outsource – Automated Real Estate Leads for Mortgage Brokers and Agents
- September 6, 2023
![[Brokers] Paul Marshall from Outsource - Automated Real Estate Leads for Mortgage Brokers and Agents](https://agents.oxbridge.com.au/wp-content/uploads/2022/04/OutSourceLogo-300x180.png)
Dear Oxbridge Partners and Affiliates,
Oxbridge is excited to invite you to an exclusive event tailored specifically for finance brokers and real estate agents focused on mortgage lead generation. By referring qualified leads to our network of brokers, agents can earn 20% of the upfront commission from mortgage settlements, typically ranging between $5,000 and $15,000. Our software ensures that brokers automatically receive pre-qualified leads, which are tracked, and agents are paid upon settlement.
Paul Marshall from Outsource will showcase our automated lead generation software. Oxbridge features over 6,000 real estate listings and generates an impressive 15,000 leads each month. Our thriving referral program will streamline the agent/broker referral process.
Finance brokering is a fantastic opportunity, requiring only a certificate or diploma. Oxbridge provides unlimited access to Domain and Realestate.com.au, as well as over 192 global portals, generating a high volume of leads that brokers need to qualify and close. For more information about our referral program, please join our Zoom session or email support@oxbridge.com.au for a recording.
Event Details:
Time and Date: Friday 2nd August 2024 12.30pm AEST (10.30am WA, 12pm SA/NT)
Zoom: https://zoom.us/j/6806901300
RSVP: support@oxbridge.com.au
Signup Link: https://forms.gle/thBAbQ7BUAsEKZoG8
Oxbridge is the FASTEST growing network for real estate, finance, development and migration with a network of over 200000 plus professionals in over 35 countries. We have over 1200 agents, 160 finance brokers, 8000 Rentals, 5500 listings, 1500 events across Australia and New Zealand. We offer fantastic technology, systems and support to help you to “Achieve Excellence” in real estate, finance, development and migration. Please follow us on Instagram (https://www.instagram.com/oxbridgegroup/) and Facebook (https://www.facebook.com/OxbridgePropertyGroup/)
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 100 broker is close to $2 million, and that often the top of the top mortgage brokerage operations are earning between $5 million and $6 million. (https://www.afr.com/companies/financial-services/inside-the-unstoppable-rise-of-australia-s-mortgage-brokers-20240524-p5jg8b). 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
