FirstLine Mortgages announced improvements to their status program for brokers.
Among the changes, FirstLine has added a new status level (Silver) to its POINTS Rewards Program, earned by funding $5 million or earning 25,000 POINTS. Previously, the first level was reached at 100,000 POINTS. Brokers earning Silver status will get 5 bps off FirstLine floor rate on their next eligible deal.
“FirstLine POINTS achievement targets have been revised to help [brokers] achieve higher status sooner,” stated the release.
Targets have been reduced at all levels, anywhere from 17 to 50 per cent. Gold status is now earned with 50,000 POINTS, down from 100,000, Platinum is now 125,000 instead of 200,000, Emerald is 250,000 instead of 300,000, while Diamond status is earned at 400,000 instead of 500,000.
In order to achieve any particular status level, the associated mortgage volume funded or FirstLine POINTS earned target must be achieved with the fiscal year, which ends October 31.