HLC reviews retribution for mortgage referals!!!!

Very Important News for all Sutton agents working with their HLC mortgage reps.
Expert - Yannie Dupont
Performer - Elizabeth Solis
Du Suroît- Zeina Najjar

As from the 1st of January 2006 HLC will not be paying the affiliation fees for mortgage referals.

All referals to the reps will now recieve a retribution of 5% of the mortgage.

There will be no limit to the amount!!!!!!

All mortgage referals will be delt with by the rep. There will be no more forms to fill out for the affiliation fees, and the free commission advance will be discontinued.

What does this mean for the agent??

1) No more paperwork for affiliation fees.
2) On a 150k mortgage, instead of a credit of affiliation fees, you will recieve a referral of 750$ plus tps, tvq.
3) You will have to disclose the retribution to your client.
4) Payment will be made to broker who will process the file to direct deposit in your bank account.
5) It is valid, as before, for new financing, re-financing and subrogation.
6) The payment is made at the disboursement of the loan.

As a partner HLC and their reps have always been ther to support us in our activities.
Now with a stronger retribution model there is no reason not to give them our full support. Let's give them the business. They make ours stonger.