Track My Trail Team What are mortgage broker commissions? Mortgage broker commissions fall into two groups: a one-off upfront payment and ongoing trail. An upfront commission is paid by the lender once, at loan settlement and for most brokers it remains the largest single payment a deal produces. Rates vary by lender and product, commonly sitting around 0.65% to … Read more
Mortgage broker trail commissions are ongoing payments from a lender, paid monthly as a percentage of the outstanding loan balance for the life of the loan. They keep paying long after settlement, which separates them from the one-off amount you receive when a deal is written. Lenders set their own trail rates, commonly between 0.1% … Read more
Mortgage broker aggregator fees may be charged as a membership or technology fee, a share of commission or a combination of both. The useful figure is the brokerage’s net income after every charge in the current agreement. Fee schedules and service packages change. Compare written offers using your own settlements, trail income and lender mix, … Read more
Infynity is the broker CRM developed for members of Finsure, a leading aggregator in Australia’s mortgage market. Brokers have used it for client records, workflow and loan-file administration. Finsure announced Metanoia in 2026 as a staged replacement for Infynity, with full migration described for 2027. This makes Infynity a current-status question as well as a … Read more
Mercury Nexus is Connective’s broker CRM and business platform. Members receive it through Connective, a leading aggregator in Australia’s mortgage market. Connective says Mercury Nexus is included for members at no extra product fee. It brings client records, document requests, communication tools and broker workflow into one system. The best way to assess it is … Read more
Track My Trail lists support for the aggregators below, along with several sub-aggregators. Find the name shown on your commission statement or trail report before importing a file. Aggregator brands can merge or change names while older report labels remain in use. PLAN, FAST, Choice and Vow may therefore appear under a different current group … Read more
CRM (customer relationship management) software stores client records, tracks conversations and organises follow-up work in one place. For a mortgage broker, that usually means contacts, loan stages, tasks and notes sitting together instead of across inboxes and spreadsheets. A CRM does not replace an aggregator portal. It helps when the team records work consistently and … Read more
As a broker, your aggregator should be helping you, not hindering you. While this sounds like a no-brainer, many aggregators suffer from poor customer service, antiquated technology, and a lack of professional development. If you feel like you’re time travelling back to the 1990s every time you log into your broker portal, it’s time to consider your options. The best aggregators combine … Read more
ASIC defines a mortgage aggregator as a business that provides aggregation services to mortgage brokers and has a direct contractual relationship with a credit provider. The joining agreement should state whether the broker needs an Australian credit licence or will act as a credit representative. Compare the lenders you can use, the net commission you … Read more
A mortgage broker is a credit licence holder or representative who helps you compare and apply for home loans from lenders they can access. The broker arranges the loan but does not lend the money. In Australia, a mortgage broker must act in your best interests when suggesting a loan. Lenders usually pay the broker’s … Read more