Service Levels and Commissions

Our referral commissions for secured loans are between £1100 and £1200

We have combined over 20 years Secured loan brokering experience with the UK's leading secured loan technology to provide a flexible platform for brokers and estate agents to develop their secured loan business. Whether you are new to the secured loans industry or an established practitioner, you can gain access to the most advance secured loan sourcing technology absolutely free.

The secured loan platform has been developed by brokers for brokers and is used everyday within the Promise master brokerage. Many other brokers and agents are now benefiting from this technology and agree it is market beating. Dependant on the scale and development of your secured loan activity, there are a number of service levels you can choose from as follows.

Level 1 - The Busy Introducer

If you are too busy, or don't wish to get heavily involved with Secured Loans, but want the facility to offer loans, simply get a quick quote and submit it to us. We will then contact your customer and arrange the loan direct with them, whilst you monitor progress via our live case tracking facility. You will receive 45% of our net commission upon completion plus applicable volume overrides.

If you're interested simply register online and you can be underwriting loans within the hour.

Level 2 - Sell the loan yourself and earn more

Using our unique and highly accurate secured loan underwriting software, you can complete the data capture and sale of a secured loan enquiry, from a whole of market panel in around 5 minutes. The system is totally intuitive, interrogates the criteria of all the lenders on the panel, and has integrated credit scoring facilities direct with chosen lenders. You can control the loan term, the fees charged, give early settlement examples and tailor the loan to your clients' requirements. This means you can maintain control of the sale and improve your client relationship. This in turn leads to improved conversion rates.

Once you have agreed a loan with your client, all processing is undertaken for you and you can monitor progress via the case tracking facility and receive 55% of our net commission plus volume overrides. If you wish to become more involved in the process, such as collecting the signable documents from your customer, this could all be accommodated subject to regulatory requirements.

Promise pay leading day one commission rates so you can maximise your income, even if you only arrange an occasional loan. Despite this we still pay volume bonuses for qualifying brokers.

Completions per month	Override (% of net income)
3 - 6	2%
7 - 10	4%
11 - 15	6%
16 - 25	8%
25+	10%

If you're interested simply register online and you can be underwriting loans within the hour.

Level 3 - Thinking of packaging loans?

This is fundamentally the same as Level 2. However, if you have your own Equifax facility, we can provide you with significantly more information and additional consolidation tools to help you maximise each sales opportunity. In addition, for those regulated to sell insurance, accurate repayments for each of the lenders PPI products is displayed. This is ideal for those wishing to perfect their sales process before stepping into packaging direct to lender. Commissions are 55% of net income plus volume and quality overrides as above.

Level 4– The Mortgage Network

Maximise your distribution through your broker data base by offering them our level 2 service, white labelled in your name. This will make it easier for your members to compliantly become involved with secured loans and generate significant incremental income. We will undertake all of the system updates and the processing on your behalf and pay overrides on your total volumes whilst you can monitor your brokers activity online. Commissions can be customized to your model and are up to 55% of net income plus volume and quality overrides.

Level 5 – Packaging loans with a few Lenders

We recognise that as you continue to grow your secured loan business, you may wish to start packaging your loan application direct to certain lenders. This will generate more income for you but, of course, will incur greater costs. At this level, in addition to the underwriting technology, we will provide you with fully integrated processing requirements engine, document printing for lender agreements and your bespoke letters and numerous other enhancements. We will help to develop your relationship with your chosen lenders, meaning you can maximise your commission earnings and use our technology to keep your sales process effective and fast and conversion costs low. This level is ideal for those dipping their toe into the packaging arena and we can continue to offer a packaging a facility for those lenders with whom you do not with to have a direct relationship. Commissions are as level 2 for unpackaged business and in accordance with your own commission structure on loans packaged direct to the lender.

Level 6 – Packaging totally in-house

This level is designed for the experienced broker who wishes to have a direct relationship with each lender but still enjoy the immense benefits of our sourcing, document printing and processing system.

Level 7 – Master Broker maximising introductions with white labelled network technology and packaging in-house

Ideal for the experienced broker with significant intermediary distribution. Again maximise your distribution through your broker data base by offering them our level 2 technology, white labelled in your name. This will drive more enquiries to your business. Meanwhile, maximise your commission earnings by processing the applications direct with the lender using either our level 5 or level 6 service.

Accurate, instant, reliable, scalable, flexible and portable

As our technology is developed 100% in house, we are able to react quickly to requests from broker partners for system enhancements and white labelling. And remember, we have developed this technology to support our own business so, we will always be looking to improve it, and, if ever there are technical problems, we will suffer just as much as you. Rest assured, maximum up time and rapid response will be key performance indicator we will insist on.