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, then check the exit terms before joining or moving.
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What an aggregator fee pays for
A mortgage broker aggregator gives a brokerage access to a service package that can cover lender accreditations, a broker CRM, lodgement tools and support through to settlement. The exact package depends on the group and agreement.
Confirm who holds the Australian credit licence, which lenders will accredit you and which services carry extra charges. A long lender panel has limited value if the lenders used by your clients are unavailable to your business.
How aggregator fees are charged
For mortgage brokers, common structures include a commission split, a fixed membership charge or both. Technology, professional indemnity insurance and optional services may also affect the total. Use the written schedule rather than an old percentage range.
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Model each offer across the same period. Include upfront commission, trail income and every recurring charge, then compare the result with the aggregator fees published for the groups on your shortlist.
Published aggregator fee pages
The following pages cover several of the best aggregators for mortgage brokers in Australia. Treat them as a starting point and request the current offer in writing.
- AFG aggregator fees
- Connective aggregator fees
- LMG aggregator fees
- Finsure aggregator fees
- Vow Financial aggregator fees (now YBR Aggregation)
What to compare beyond the headline fee
Check whether the group can accredit you with the lenders you use, including non-bank lenders where relevant. Test the mortgage broker software with a sample file and note any repeated entry, manual document handling or extra systems the team would need.
Read the agreement for commission ownership, trail treatment, notice periods and data export. These terms can affect the brokerage after a move and may matter more than a small difference in the advertised split.
How to compare two aggregator offers
- List the lenders and settlement volumes used by the brokerage over the past 12 months.
- Confirm which of those lenders will accredit the business under each offer.
- Enter the same settlements, trail income and charges into both fee models.
- Test each platform with a sample file and compare the contract terms in writing.
A recruitment payment can distract from the ongoing cost or a panel gap that affects client relationships. Compare net income first. Then confirm that the lender access and file workflow suit the brokerage.
Some packages include Networking events. Others offer lead generation services. Check whether professional development is included or billed separately, and pay for extras only when the brokerage will use them.
