NACFB tops up broker commissions

NACFB tops up broker commissions




The National Association of Commercial Finance Brokers (NACFB) has announced the launch of a new commission override scheme in partnership with its lead sponsor – challenger bank Aldermore.

The National Association of Commercial Finance Brokers (NACFB) has announced the launch of a new commission override scheme in partnership with its lead sponsor – challenger bank Aldermore – and exclusively for its members.

The scheme is designed to provide NACFB brokers with an additional commission override payment, based on the total value of commercial mortgage business submitted and completed with Aldermore in 2013.
 
Any payments due are made to the NACFB at the end of the year, before the Association then pays its members the override commission according to how much business each has individually completed with the bank.
 
In order to qualify for the extra payment, a broker must be anaccredited member of the NACFB and register as an introducer with Aldermore Commercial Mortgages. 
 
The scheme exists in addition to the existing commission payments that Association members already receive from Aldermore when a loan application completes. 
 
The bank has also agreed to support the NACFB by helping to promote any training and development needs that might arise from Association members in the future.
 
Rob Lankey, Managing Director of Aldermore Commercial Mortgages, said: “Aldermore is delighted to offer this scheme to NACFB’s brokers, who play an essential part of our business and as the leading sponsor for 2013; it’s fantastic to be involved in a scheme that will benefit them.”
 
The NACFB’s CEO Adam Tyler added: “This new scheme for the new year shows the commitment that Aldermore are making to the NACFB and its members for the future.  We have negotiated this arrangement to ensure that commercial finance brokers who comply with a code of practice are recognised for their standards and professionalism.”
 

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