ING DIRECT launches new upfront commission model
ING DIRECT launches new upfront commission model
MPA Lender Update is your same-day product information service, bringing together updates from all lenders
RATES
No changes today
PRODUCT
No changes today
POLICY
No changes today
COMMISSIONS
ING DIRECT launches new upfront commission model, applicable on new residential loans with new to ING DIRECT security property, effective 1 January 2016.
The simplified model will be structured around individual accounts as opposed to the current model’s focus on aggregator volumes and conversion rates, ensuring transparency for brokers and alignment with the bank’s primary bank strategy.
The minimum upfront commission will remain unchanged at 50bps (+GST) with the maximum increasing to 80bps (+GST) until 30 June 2016.
You might have missed:
Today's Morning Briefing: Landlords offered more choice as online rental platform moves forward
MPA Lender Update is your same-day product information service, bringing together updates from all lenders
RATES
No changes today
PRODUCT
No changes today
POLICY
No changes today
COMMISSIONS
ING DIRECT launches new upfront commission model, applicable on new residential loans with new to ING DIRECT security property, effective 1 January 2016.
The simplified model will be structured around individual accounts as opposed to the current model’s focus on aggregator volumes and conversion rates, ensuring transparency for brokers and alignment with the bank’s primary bank strategy.
The minimum upfront commission will remain unchanged at 50bps (+GST) with the maximum increasing to 80bps (+GST) until 30 June 2016.
You might have missed:
Today's Morning Briefing: Landlords offered more choice as online rental platform moves forward
