[Outsource] Salestrekker 2.0 Training + CRM Integration + Leads Genration
- September 6, 2023
![[Outsource] Salestrekker 2.0 Training + CRM Integration + Leads Genration](https://members.oxbridge.com.au/wp-content/uploads/2023/09/salestrekker20-300x135.png)
Dear Oxbridge Partners and Affiliates,
Salestrekker have released their upcoming education offerings for December 2024. This software will integrate with our CRM through Zapier. To register check your iOutsource dashboard.
These training opportunities, run directly by the experts at Salestrekker, have been designed to ensure everyone is ready and roaring-to-go, once Salestrekker 2.0 is released to brokers (TBA early 2025).
These will include:
GENERAL EDUCATION WEBINARS FOR BROKERS (staff / loan admins also welcome!)
Basic functionality of 2.0 (these will be recorded and available for review after the session), including sessions on:
- How to Complete a Deal in Under an Hour | 5 DEC – 1:30PM AEDT
- Highlighting the New Efficiencies | 10 DEC – 1:30PM AEDT
- All the Extras | 12 DEC – 1:30PM AEDT
- Templating and Automation | 16 DEC – 1:30PM AEDT
- Salestrekker Q&A | 18 DEC – 1:30PM AEDT
SALESTREKKER FAVOURITE THINGS VIDEOS
2-4 minute videos to be released daily over a two-week period onto social media platforms (this will also be provided to our team to distribute to you all closer to release date).
Please click on the button below to view the Salestrekker 2.0 webinar schedule, as well as the links to register for each webinar.
ABOUT THE MORTGAGE BROKERING BUSINESS
Mortgage Brokering is a phenomenal industry that offers truly passive income and the ability to build your book. The average income of mortgage brokers at Oxbridge is an impressive $188,046 (https://www.brokernews.com.au/news/breaking-news/how-much-do-australian-mortgage-brokers-earn-280893.aspx) whilst top brokers can earn over $2m a year often in passive income. Based on the standard broker commission rates, this suggests the average income of mortgage brokers in the Top 100 is close to $2 million, and that the top mortgage brokerage operations are earning between $5 million and $6 million (https://www.afr.com/companies/financial-services/inside-the-unstoppable-rise-of-australia-s-mortgage-brokers-20240524-p5jg8b). The best thing about finance brokering is the TRUE PASSIVE INCOME. Oxbridge Training (www.oxbridge.training) offers individuals to obtain their certificate and diploma in mortgage brokering in a short amount of time. Very few professionals are qualified in both real estate and mortgage brokering. The key to a successful mortgage broking business are the leads. With over 4,500+ online listings and another 1,000 off market listings the Oxbridge Real Estate business side provides an excellent source of lead generation
Although the details around when and how brokers receive commission varies from lender to lender, generally speaking: Upfront commission: 0.65% (+GST) to 0.85% (+GST)
The upfront commission is the largest component of the commission. The broker receives this once your loan settles. Trail commission is what the broker receives every month for the life of the loan. Usually, this trail is set at 0.15%-0.40% per annum based on the remaining loan amount each year. To be clear, mortgage brokers don’t work for the banks, although there are some mortgage brokerages that are partly-owned by banks and larger lenders. Oxbridge is always 100% independent (e.g. Aussie is owned by Lendi which is owned by numerous shareholders including CBA, 1835i (ANZ’s external venture capital partner) and Macquarie Bank, RAMS is owned by Westpac, REA owns Mortgage Choice etc)
Working on a typical loan size of $850,000 and writing 20 loans in the first year. The commission received by the broker would be
$750,000 (20 x 0.70% + 20* 0.45%) = $119,000 (upfront) + $76,500 (Trail) = $195,500
Top brokers in Australia (See https://www.mpamag.com/au/best-in-mortgage/top-100-brokers-2022/429801) receive well in excess each year of $3M upfront commission and at least 3x that in terms of trail commissions for the life of the loan. Several Oxbridge brokers are doing exceptionally well earning 6 figure income. Some Oxbridge members are dual qualified in mortgage brokering and real estate which is a huge competitive advantage in the market place. Trail commission is really true passive income
The Oxbridge Finance Team
