• March 17, 2023
March 14, 2023 all-day Australia/Sydney Timezone

Dear Oxbridge Partners and Affiliates,

Oxbridge is one of the largest groups within Outsource Financials, Australia’s fastest growing aggregator. Oxbridge also works with several other aggregators for the convenience of our mortgage brokers. Outsource financial has invited us to ‘The Energiser Expo, outsource Financials’ first Lender Day of 2023 and is aptly themed to reengage us with lender policies, reactivate our drive for identifying opportunity, and reignite our passion for business, for the year ahead. This full day event is fully catered and is complimentary for Oxbridge and Outsource members.

REGISTER NOW and get further details about this event by clicking your respective state.

NSW: https://www.eventbrite.com.au/e/energiser-expo-nsw-tickets-542089142217 14th March, 2023
QLD: https://www.eventbrite.com.au/e/energiser-expo-qld-tickets-542146794657 16th March, 2023
VIC: https://www.eventbrite.com.au/e/energiser-expo-vic-tickets-542151318187 21st March, 2023
SA: https://www.eventbrite.com.au/e/energiser-expo-sa-tickets-542156413427 23rd March, 2023
WA: https://www.eventbrite.com.au/e/energiser-expo-wa-tickets-542158961047 28th March, 2023


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)

The key to a successful mortgage broking business are the leads. With over 4,100+ online listings and another 1,000 off market listings the Oxbridge Real Estate business provides an excellent source of lead generation.

Working on a typical loan size of $750,000 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%) = $105,000 (upfront) + $67,500 (Trail) = $172,500.

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 Team

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