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Mortgage Broker News | 08 Nov 2010, 03:30 PM Agree 0
There are only two Canadian lenders offering the trailer fee option to brokers, but the trend appears to be gaining. CMP gets feedback on this compensation and looks at more lenders possibly jumping on board
  • MPC | 25 Nov 2010, 08:03 AM Agree 0
    How much?
  • Mr.Mortgage | 07 Oct 2011, 07:49 AM Agree 0
    What happens if an agent has a number of mortgages on the trailer model, and then has to switch to another brokerage, or leave the business altogether. Will the mortage agent still get the trailer fees? Or do the trailers get paid out to the brokerage?
  • John Dearin | 08 Oct 2011, 08:15 PM Agree 0
    Are the trailer fees held in a trust? I have earned this income at the point of sale, but I do not have to recognize it for income tax purposes, it is recorded as defered income. What if the lender closes, or moves? It has happened in the past and will happen in the future, what happens to my trailer fees then? I see no guarantee that I will be paid.
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