At A. B. Nicholas, we compensate our referral agents immediately upon receipt, with 1/3 of total points on every transaction the agent as referral agent Keep in mind: ABN Agents only refer clients. They do no work playing deal-middleman and are not responsible for communication between lender and client, which are handled only by licensed personnel per banking agreements. Legitimate lending programs never gouge clients with fees, and this is one of the reasons why A. B. Nicholas’s reputation has been stellar for two decades.
Here is an example of such fees on a $1 million portfolio at 75%, 80%, and 85% loan-to-value (all figures assume 1% in origination fees, and rounding up with a bonus for larger transactions.).
Scenario 1
Scenario 2
Scenario 3
Portfolio size: $1 million Credit Line; LTV: 75%; Total line offered: $750,000; total fees @ 1%: $7,500; Agent Fee @33%: $2,500
Portfolio size: $1 million Credit Line; LTV: 80%; Total line offered: $800,000; total fees @ 1%: $8,000; Agent Fee @33%: $2,600.
Mixed Bonds, Equities, Mutual Funds Portfolio size: $1 million Credit Line; LTV: 85%; Total line offered: $850,000; total fees @1%: $8,500; Agent Fee @33%: $2,833
About Agent Fees
Those who successfully refer clients to the LeverageLine program deserve earnings compensation when the client has received funding to their satisfaction and as promised. This latter is important to us and we always strive to ensure that every client receives the very best in professional lending services, no matter how large or small. We share the fee with the referring high ticket affiliate marketing agent if they were responsible for introducing the client to us.
Please note that our agents do not broker or sell conventionally the LeverageLine program for regulatory and legal reasons. This is covered in your training video. Our affiliate marketing agents are typically individuals already working in finance-related industries where they may run upon clients who own eligible securities and might be interested in a credit line of this type. They then refer them to us, where we qualify them and move them quickly into the licensed lending institution to commence their funding. Again: Our agents refer, but do not broker.