Business Types
Mortgage Aggregators
The Australian Mortgage Broker industry is experiencing exponential growth resulting in a highly competitive market. Forecasts indicate that competition within this market will only increase resulting in further consolidation and lower margins.
ReferCorp offers Mortgage Aggregators a referral model for business to business networking which provides them access to passive income streams. ReferCorp provides full visibility over the whole referral process through its online software which makes tracking, and updating the referral simple.
ReferCorp provides Aggregators with the following benefits:
- Get high annual insurance commissions with an ongoing trail for every mortgage processed by outsourcing the domestic insurance direct to an underwriter
- Outsource commercial insurance to an insurance broker to receive high annual commissions
- Use ReferCorp to formalise leads from existing business partners
- Mortgage writers can build their own business network by using ReferCorp to target local referrers and association, therefore increasing the number of leads they receive
Insurance Brokers
The General Insurance market in Australia has undergone significant change over the last two years due primarily to legislative changes enforced by ASIC. There has been considerable consolidation within the industry and an increased direct and indirect presence by underwriters who are competing for a relatively finite market.
General Insurance Brokers typically have a mixed portfolio of domestic and commercial insurance. Though some brokers do specialise in domestic insurance, for the majority, the broker's domestic portfolio is typically a comfort line, in that the domestic insurance is offered to clients as part of a service in order to obtain the client's commercial insurance.
ReferCorp enables Insurance Brokers to outsource high cost, low profit domestic portfolios directly to the underwriter. You will receive high commissions for outsourcing your domestic portfolio and by doing so you will be free to focus on your growing your commercial portfolio.
Financial Planners, Accountants, Lawyers, Finance Brokers and Real Estate Agents
ReferCorp assists these types of businesses by providing them with access to leading product and service providers. It provides these businesses with value-adding products and services providing a stable passive income for the business. This allows you to maximise the return from your clients while focussing on your core service offering.
Additionally, ReferCorp assists businesses in growing their own business network by signing up complementary businesses and associations and helps market to their member bases to increase the number of leads your business receives.
You can still utilise the ReferCorp network of providers to forward on referrals and receive a referral fee when a sale is made. The ReferCorp system is easy to use, provides full visibility over the entire referral process and is fully compliant with Privacy Laws.
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