New program features tiered benefits
Glasslake Funding has introduced WaveMakers, a new rewards initiative aimed at recognizing and incentivizing high-performing mortgage brokers. Launched at the start of the year, the program offers brokers exclusive benefits and tools to streamline their operations and achieve greater success in 2025.
The centrepiece of the initiative is the “Million-A-Month Club,” which rewards brokers who fund $1 million or more in monthly deals. Benefits include faster service times, competitive pricing options, and financial perks to enhance broker-client relationships.
Mike Forshee, president and managing director of Glasslake Funding, said the program was designed to offer more than just competitive compensation. “Speed is crucial for brokers and their clients. Pricing adjustments can make a significant difference in today’s market,” he explained. Forshee noted WaveMakers combines speed, service, additional compensation, and marketing opportunities to help brokers stand out and excel.
Tiers of rewards
WaveMakers operates on three levels of achievement, each offering progressively more perks:
- WaveOne ($1M+ funded):
- 48-hour service commitment
- 25 basis points (bps) rate reduction on two closings
- $500 contribution toward an appraisal
- WaveTwo ($5M+ funded):
- 24-hour service commitment
- 25 bps rate reduction on four closings
- $1,000 finder’s fee for one funded commercial deal
- WaveThree ($10M+ funded):
- 4-hour service commitment
- 50 bps rate reduction on three closings
- $1,500 finder’s fee for one funded commercial or residential deal
According to a news release, these tiers will evolve over time, with new rewards such as sponsorship opportunities and marketing funds to be added in future updates.
Supporting brokers’ growth
The program emphasizes helping brokers enhance their business capabilities. “WaveMakers is all about listening to brokers and rewarding their support with tools that help run, scale and enhance their business – especially when they’re consistently making waves of funding each month,” said Ruvani Henriques, vice president of strategy, sales, and marketing.
Glasslake Funding is a Canadian alternative lender specializing in flexible financing solutions for mortgage brokers.
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