Superbrokers 2009

Superbrokers 2009

Mortgage Architects

Number of agents: 357
Established: 2006
Compensation 
- 90/10 commission and volume bonus split to all lead planners
- Associate planners get their splits from lead planners
- Continue to pay volume bonus and trailer fees to the submitting agent if they leave the fi rm
Brokering Model 
- No franchise opportunities
- All lead planners have ownership in the company, as long as they have minimum production of $25 million in annual volume before joining
- No contract, only 3-day notice clause
Ancillary Service  
- Exclusive access to My Next Mortgage Company - a lender that provides exclusive and competitive products and rates
- MPP creditor life insurance available to clients
- Errors and omissions and fraudulent act coverage
- Lender rate summary
- Group benefits through Standard Life
- Corporate discounts with Rogers and Telus
- Personal websites and html e-mail program
Lead Generation 
- Generated for planners through website and referred to planners on a rotational basis
- Lead and associate planners receive own planner web pages with customized bio and link to their online application, which is automatically directed to them
Compliance 
- Paperless compliance process
- Planners scan their documents into a secure compliance
module rather than send documents to head office
- Where required by provincial rules, some planners must also maintain secure storage of their own physical files
- Every file is reviewed by a fully trained compliance officer
- If required, deficiency notices are auto e-mailed during the review process, giving the broker quick notification so he/she can correct the deficiency in a timely manner
Payroll 
- Most of commission process is automated
- System allows them to apply funds automatically to a deal upon receipt of funds and for a compliance officer to sign off on a deal as soon as the documents are uploaded into compliance module
- Commission calculation automatically happens when both of these steps have been completed
- Weekly payment

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