Personal Loan Referrals for Mortgage Brokers

In this article I am going to give you some pretty compelling reasons why Personal Loan Referrals for Mortgage Brokers pay and completing them yourself can be disastrous!

Let’s Break Down the Time to Complete a Personal Loan

On average it takes us between 2-1/2 to 3 Full Business days to complete 1 Personal Loan. Now that’s when everything runs smoothly, which is rarely the case. Realistically our average is more like 5 business days, dependent on the speed of the client.

There is the waiting for the client information, compliance that needs to be completed and signed by the client, lender negotiations on conditions & rates and after all of that we need to get the loan docs signed. And we all know how long that can take!

This is our core business so for us we understand the different nuances, conditions requirements and understand how to get the deal settled within the shortest period of time. Our systems and procedures are streamlined for Personal Loan Referrals for Mortgage Brokers so if this is not your core business, then the times blow out from here.

Heavy Cost of a Rejected Personal Loan

Writing Personal Loans is simple for a Mortgage Broker, I mean you definitely have the skills, but Personal Loans are not mortgages and not knowing the differences can be fatal for the deal and your relationship with the client.

As an example lenders do not necessarily care about asset positions, borrowing power and the loan amount available for each client is not based on income. So you may have a strong client from an asset and income position but the personal loan may not be approved at the level you need … or sometimes at all.

We have seen so many deals that have come to us at the point of no return. Multiple enquiries, rates too high and now credit files that are too low for the broker who referred the deal to be able to write a home loan. The cost for you may be huge

  • Not understanding policies can mean a lost client forever
  • Repayments now too high to meet home loan lender requirements
  • Multiple enquiries for clients when brokers don’t understand which lender will buy the deal
  • Losing face with the client when going back and forth requesting paperwork
  • Loss of a client through time taken for what they perceive as an easy task

Personal Loan referrals for mortgage brokers is what we do, and with the volume of deals we write we understand which lender will be most likely to settle a transaction and what paperwork is needed to complete the deal in the quickest amount of time. You also get paid market leading commissions the next business day after settlement and all with no need to complete any paperwork or compliance. You simply refer the name and number of your client via our online portal, which takes 30-seconds to complete. Win, Win and Win.

 

Can you afford not to refer your personal loans?

Click here to find out more about becoming a Personal Loan Referrer

Financemi.com.au – Australia’s Trusted Personal Loan Marketplace. Personal loans from $4,000 to $60,000. Personal Loans for Self-employed. Personal Loans Online.

Own the Client for Life

You own the client for the life of the loan. If they come back to us for any purpose we refer them back to you on every occasion.

Financemi.com.au – Australia’s Trusted Personal Loan Marketplace. Personal loans from $4,000 to $60,000. Personal Loans for Self-employed. Personal Loans Online.

Trusted Experts

We have over 50 years of combined lending experience, having held senior positions with major Banks such as ING Bank, CBA and Citibank.

Financemi.com.au – Australia’s Trusted Personal Loan Marketplace. Personal loans from $4,000 to $60,000. Personal Loans for Self-employed. Personal Loans Online.

Leading Commissions

Our commission payments and service model ensures our referral partners keep on coming back over and over again.

Financemi.com.au – Australia’s Trusted Personal Loan Marketplace. Personal loans from $4,000 to $60,000. Personal Loans for Self-employed. Personal Loans Online.

Results Driven

We do not get paid unless the loan settles, so trust us it is in both of our interests to make the deal work.

 

Personal Loans to cover nearly everything life can throw at you

Travel & Holidays
Home Improvements
Car Purchase
Debt Consolidation
Medical / Dental
Self Employed Loans
Household Furnishings
Boat Purchase
Educational Expenses
Small Debts
Mortgage Costs
Other Purposes

How it Works

buy

Step 1

Refer

Referring a client is simple. We just need a name and number, which can be completed by selecting the refer a deal button, top right.

like

Step 2

Relax

We contact your client within 2 business hours. We complete the full application, compliance and submit to the lender most likely to fund.

wallet (1)

Step 3

Paid

Once the loan settles we request an invoice from you, which is paid next business day. Normally this is 24-48 hours from settlement.

Our goal is to make referring a personal loan simple. Refer a name and number today! 

mi white

     

resources

learn about my credit file “guide”

debt consolidation “guide”

frequently asked questions

Have questions?

we have the answers

Personal Loan Referrals for Mortgage Brokers – Why it pays to Refer!

Your privacy is extremely important to us. All information is kept completely secure and confidential.

© 2018 Financemi Group Pty Ltd ABN 40 627 585 175. A Member of AFG Ltd, Australian Credit Licence 389087. www.financemi.com.au is fully owned and operated by Financemi Group Pty Ltd

Personal Loan Referrals for Mortgage Brokers

In this article I am going to give you some pretty compelling reasons why Personal Loan Referrals for Mortgage Brokers pay and completing them yourself can be disastrous!

Let’s Break Down the Time to Complete a Personal Loan

On average it takes us between 2-1/2 to 3 Full Business days to complete 1 Personal Loan. Now that’s when everything runs smoothly, which is rarely the case. Realistically our average is more like 5 business days, dependent on the speed of the client.

There is the waiting for the client information, compliance that needs to be completed and signed by the client, lender negotiations on conditions & rates and after all of that we need to get the loan docs signed. And we all know how long that can take!

This is our core business so for us we understand the different nuances, conditions requirements and understand how to get the deal settled within the shortest period of time. Our systems and procedures are streamlined for Personal Loan Referrals for Mortgage Brokers so if this is not your core business, then the times blow out from here.

Heavy Cost of a Rejected Personal Loan

Writing Personal Loans is simple for a Mortgage Broker, I mean you definitely have the skills, but Personal Loans are not mortgages and not knowing the differences can be fatal for the deal and your relationship with the client.

As an example lenders do not necessarily care about asset positions, borrowing power and the loan amount available for each client is not based on income. So you may have a strong client from an asset and income position but the personal loan may not be approved at the level you need … or sometimes at all.

We have seen so many deals that have come to us at the point of no return. Multiple enquiries, rates too high and now credit files that are too low for the broker who referred the deal to be able to write a home loan. The cost for you may be huge

  • Not understanding policies can mean a lost client forever
  • Repayments now too high to meet home loan lender requirements
  • Multiple enquiries for clients when brokers don’t understand which lender will buy the deal
  • Losing face with the client when going back and forth requesting paperwork
  • Loss of a client through time taken for what they perceive as an easy task

Personal Loan referrals for mortgage brokers is what we do, and with the volume of deals we write we understand which lender will be most likely to settle a transaction and what paperwork is needed to complete the deal in the quickest amount of time. You also get paid market leading commissions the next business day after settlement and all with no need to complete any paperwork or compliance. You simply refer the name and number of your client via our online portal, which takes 30-seconds to complete. Win, Win and Win.

Can you afford not to refer your personal loans?

Click here to find out more about becoming a Personal Loan Referrer

Financemi.com.au – Australia’s Trusted Personal Loan Marketplace. Personal loans from $4,000 to $60,000. Personal Loans for Self-employed. Personal Loans Online.

Own the Client for Life

You own the client for the life of the loan. If they come back to us for any purpose we refer them back to you on every occasion.

Financemi.com.au – Australia’s Trusted Personal Loan Marketplace. Personal loans from $4,000 to $60,000. Personal Loans for Self-employed. Personal Loans Online.

Trusted Experts

We have over 50 years of combined lending experience, having held senior positions with major Banks such as ING Bank, CBA and Citibank.

Financemi.com.au – Australia’s Trusted Personal Loan Marketplace. Personal loans from $4,000 to $60,000. Personal Loans for Self-employed. Personal Loans Online.

Leading Commissions

Our commission payments and service model ensures our referral partners keep on coming back over and over again.

Financemi.com.au – Australia’s Trusted Personal Loan Marketplace. Personal loans from $4,000 to $60,000. Personal Loans for Self-employed. Personal Loans Online.

Results Driven

We do not get paid unless the loan settles, so trust us it is in both of our interests to make the deal work.

How it Works

buy

Step 1

Refer

Referring a client is simple. We just need a name and number, which can be completed by selecting the refer a deal button, top right.

like

Step 2

Relax

We contact your client within 2 business hours. We complete the full application, compliance and submit to the lender most likely to fund.

wallet (1)

Step 3

Paid

Once the loan settles we request an invoice from you, which is paid next business day. Normally this is 24-48 hours from settlement.

Refer a Deal Online Now

mi white

     

Resources

learn about my credit file “guide”

debt consolidation “guide”

frequently asked questions

Have questions?

we have the answers

Personal Loan Referrals for Mortgage Brokers – Why it pays to Refer!

Your privacy is extremely important to us. All information is kept completely secure and confidential.

© 2018 Financemi Group Pty Ltd ABN 40 627 585 175. A Member of AFG Ltd, Australian Credit Licence 389087. www.financemi.com.au is fully owned and operated by Financemi Group Pty Ltd