The CAL system is now structured to deliver a weekly payment run which means that for cases which complete in any one week, the broker will receive payment the very next week. All payments are delivered by BACS into the broker’s account meaning the money is with them in as short a time frame as possible.
CAL has been trialling this system for the last six weeks and is now able to deliver weekly payment after completion to all broker users of its portal.
Harpal Singh, managing director of CAL, commented: “CAL’s move to a weekly payment of commission to brokers follows a review of our process and the feedback we received from our portal users. We know that brokers want their commission payments in their account as soon as the conveyancing process completes and therefore we have updated our payment systems.
“We are so confident in our integration that we will pay the broker in advance of receiving the fee from the solicitor, so we do not have to wait a number of weeks for the solicitor to pay us and then forward that payment on. Our system is fully automated and never misses a completion; it is able to produce the invoices immediately meaning the broker will find the money in their account the following week.”
