Superbrokers 2009

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Real Mortgage Associates

Number of agents: 440+
Established: 2007
Compensation
- Senior consultants receive 100% of all finders' fees and volume bonuses
- RMA only provides payroll and compliance services to consultants. As such, it charges a standard monthly fee of $750 to process and pay up to 200 funded deals per year
- A pay-per-deal program is also available ($1 - $149,999 is $99,$150,000 - $249,999 is $125, $250,000+ is $175)
- Trailer fees follow the senior consultant contractually
Brokering Model
- Operating in every province but P.E.I.
- Licence strategy
- $750/month or a pay-per-deal fee program
Ancillary Service
- An extranet system, RMAnet.ca, including commercial mortgage hub and a private lending hub
- Central underwriting unit
Lead Generation 
- No response
Compliance
- Zero-tolerance policy for consultants that abuse lender relationships
Payroll
- Weekly payment via electronic fund transfer

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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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