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. See below for more details about our ‘Referrer Rewards’ program.
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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.
Download Referrer Mandate
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.