[Finance] SalesTrekker 2.0. iEducate Seminar

  • September 6, 2023
December 15, 2023 @ 1:00 pm – 2:00 pm Australia/Sydney Timezone
[Finance] SalesTrekker 2.0. iEducate Seminar

Dear Oxbridge Partners and Affiliates,

Oxbridge’s main aggregator partner is Outsource (as well as Finsure and Connective). Oxbridge is aggregator agonistic. Oxbridge Finance brokers have been invited to a presentation with SalesTrekker 2.0. the most advance mortgage brokering software on the market used by SFG, outsource Financial, Yellow Brick Road, Resolve, Purple Circle, Astute, and Mortgage Australia Group. (See https://www.brokernews.com.au/news/breaking-news/salestrekker-2-0-gets-release-date-283309.aspx)

Mortgage Brokering is a phenomenal industry that offers truly passive income and the ability to build your book. The average income of mortgage brokers earns is $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 provides an excellent source of lead generation.

Time and Date:  Friday December 15th, 2023 1pm AEST (12pm QLD, 10am WA, 11.30am SA/NT)
See: https://us02web.zoom.us/webinar/register/WN_LBFoqoVaTqaNqBrLTYn1pA#/registration


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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