LEARN ABOUT REFERRER FEES
Find out how private lending can help you provide better service to your business clients.
Our referrer relationships mean a lot
At Private Mortgages Australia we pride ourselves on the great working relationships we have with our brokers and referrers. We work closely with our trusted brokers to understand the client’s needs and develop a tailored solution that will deliver the best results for all involved.
We appreciate the great work our brokers do and reward this work accordingly. This is why we’ve made changes to the way we reward our brokers by becoming channel agnostic. This means that if a broker sends us a client, that client takes out a loan and then that same client comes back to us directly for another loan, we will still pay the broker a referral fee. All referrer fees are paid within 24 hours of settlement, with no clawback! See below for more details about our ‘Referrer Rewards’ program.
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Hear what people are saying about PMA
★ ★ ★ ★ ★
My client required a short term loan to settle property that is to be developed. Vendor would not extend. After some 35 years in traditional banking it was a pleasure and surprise to deal with PMA. They were very professional, easy to deal with and kept me informed through the whole process. I was expecting a 'process similar to a bank' and receiving the exact opposite. Will definitely use PMA again....
Roger W - Mortgage Broker, Labrador
2017-01-04 05:43:03
★ ★ ★ ★ ★
We appreciate all the efforts, in difficult and challenging circumstances. Your professional approach and ability to get the deal done has been much appreciated by all....
Simone - Gold Coast
2019-04-05 05:30:51
★ ★ ★ ★ ★
PMA have recently assisted our client in purchasing an investment property in South Bank, VIC Australia. This was the first time we had facilitated a loan for a client based in New Zealand purchasing in Australia. The team at PMA were very accommodating with their time and expertise and we would have no hesitation in using their services again in the future....
Kim Lyons - South Bank, VIC
2019-07-03 06:43:07
★ ★ ★ ★ ★
We are very happy with our investment in PMAC Trust. The team at PMA do a wonderful job exceeding the target return....
James B - Portarlington VIC
2018-04-13 04:33:02
Who are Private Mortgage Australia’s referrers?
Referrer Program
Referrers have the ability to nominate a Service Fee up to 1.00% (Plus GST) if they don't have a signed mandate. If a referrer has a signed mandate then this amount will be included in the Indicative Letter of Offer. Any variation on the above needs to be agreed in writing by PMA and the Referrer.
Let's take a look at how much you could earn by referring to PMA:
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Average SME loan size is $1M
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Mandate Fee of 1% + 1% Referral Fee = $20,000 per client scenario on a $1M loan
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Refer just 3 clients per year = $20,000 x 3 = $60,000 in additional fees each year
The PMA Way
No cost until your client’s acceptance of our Indicative Letter of Offer (ILOO). On acceptance of our ILOO an Assessment Fee of only $1,000 plus GST is payable.
Valuation Fees: At cost, if required.
Quantity Surveyor fees: At cost, if required.
Legal Fees (incl. Disbursements) at cost, usually $3,300 to $4,400 (based on complexity).
Referrers have the ability to nominate a Service Fee up to 1.00% (Plus GST) if they don't have a signed mandate. If a referrer has a signed mandate then this amount will be included in the Indicative Letter of Offer. Any variation on the above needs to be agreed in writing by PMA and the Referrer.
