The “Christmas Settlement Bonus” will apply to loans that settle from between September 22 and December 24. This includes all pipeline applications that have already been submitted to the lender and are yet to settle.
The promotion applies to all RESIMAC Specialist products and its Prime Low Doc product. “We hope this initiative will encourage our advisers to ensure they convert their current pipeline deals into settlements and look for new opportunities to find customers that need a flexible home loan solution," RESIMAC general manager Adrienne Church says.
With the additional 0.2% upfront commission bonus, advisers will now have the opportunity to earn 0.8% upfront commission on Prime Low Doc loans and a 1% upfront on all Specialist loans that settle before Christmas.
“By offering lending solutions to clients who don’t fit into the mainstream space, an adviser can bolster their volumes, increase their bottom line and enter long‑standing relationships with new clients. RESIMAC have always offered competitive upfront commissions and are still one of the few lenders who pay trail. This promotion further highlights our commitment to provide value to the third party distribution network,” Church said.
