Superbrokers 2009

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Dominion Lending Centres

Number of agents: 1,500+
Established: 2006
Compensation
- Franchise owners receive a 95/5 split
- How brokers and agents are paid is determined by individual franchisees
- Trailer fees can be earned through white-label offerings
- If someone leaves the company, the trailer fees follow contractually
Brokering Model
- Franchise opportunities available -cost = $20,000
- For an existing team with volume exceeding $40 million, this fee can be absorbed by head office
- Over 200 franchises across Canada
Ancillary Services
- White label
- Equipment leasing, with internal credit department
- Creditor life insurance through Mortgage Protection Plan package (life and disability insurance) for clients
Lead Generation
- Generate leads through national campaign and main website
- Rotationally distributed to agents
- Leads also generated by agent websites
Compliance
- Every mortgage professional has access to ongoing education and up-to-date compliance information from regulators and industry associations
- Information communicated via network-wide or province-wide communications (depending on the issue), the DLC Intranet, DLC Weekly Bulletins and the monthly Dominion Opinion internal newsletter
Payroll
- Turnaround time for receiving payment from lender to paying broker/agent: 48 hours

Next page: Home n Work Mortgages


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  • Emy on 2010-01-31 3:39:01 PM

    Wow. The attempt to mislead is so obvious here. What sort of Canadian superbroker list leaves out a Canadian brokerage with over 1200 mortgage agents? This site is definitely OWNED by those who want to present a very skewed view of the industry. You just lost ALL credibility.

  • Editor on 2010-02-02 12:46:58 AM

    I appreciate your concern, but I just want to highlight an important part of the feature below:

    "While several national brokerages opted to tell all and completely answer every question, some others selected to only answer specific questions for privacy reasons, while others still decided not to participate altogether or simply did not answer repeated e-mails and phone calls.

    With the missing entries this survey is obviously not what you would call a complete coverage of the brokerage market in Canada, but it does include information from leading brokerages all across the country and serves as a great reference tool ... etc"

  • Gregory B Stanley on 2010-02-07 6:33:13 PM

    Curious what 'Canadian brokerage that represents over 1200 mortgage agents' couldn't be bothered to answer a simple survey, after being asked repeatedly? How embarrassing for you that they didn't... perhaps they would have looked in good stead with the others. Or maybe not... I don't blame you one bit for being upset for them not being listed. I would be too.

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