Profit sharing for loan brokers is a way to incentivize brokers to originate more loans by giving them a share of the profits. This can be a very effective way to increase loan volume, as brokers are more likely to work hard to close loans if they know they will be rewarded for their efforts.
There are many different ways to structure a profit sharing program. One common approach is to give brokers a percentage of the net profit on each loan they originate. Another approach is to give brokers a flat fee for each loan they close. The specific terms of the program will vary depending on the lender and the broker.
