Understanding how your aggregator fees and commissions are structured is key to maximising your earnings and making sure you get the best deal possible as a broker.
LMG (Loan Market Group) is one of the top aggregators in Australia, and their fees and commission model is structured to be competitive, transparent, and fairly compensate mortgage brokers for their expertise.
Whether you’re new to the industry or a seasoned professional, knowing the ins and outs of your commission structure can make a significant difference to your income.
Let’s break down LMG’s fees and commission rate schedule to help you choose the right mortgage aggregator and make sure you are fairly compensated for your work.
LMG Aggregator Fees
LMG offers three commission models:
- 100/100 Flat Fee (Member): Starting from $1,000 per month. All-inclusive monthly flat fee with no hidden costs. Keep 100% of your commissions.
- Partner: Monthly business fee starting from $550 + upfront revenue share.
- Loan Market: Monthly business fee starting from $550 + upfront revenue share.
For the Partner and Loan Market models, LMG’s revenue share percentage depends on the trail you generate. Brokers have reported that the maximum is a 5/95% split once your trail commission exceeds $1 million per year.
Using a tool like Track My Trail can help you analyse your trail book and decide which plan is optimal for your brokerage firm.
While reasonable steps have been taken in the preparation of this summary information, there is a possibility of errors and information should be verified with the aggregator and lender.
If you think any of LMG’s fees, upfront, or trail commissions might be incorrect, please contact us and let us know.