Partner With Us
At Optimum, we've built our business working side-by-side with our brokers; celebrating your successes as much as our own. I guess you could call it a partnership; we do. That's why we developed our Partner Program: to reward loyalty and help our partners achieve their goals.
The details
Status levels
Our goal is to build long-term partnerships with our brokers who continually commit to doing business with us. Our status levels are based on volume achieved in a calendar year based on funded date. Once a status level is achieved, it is carried forward to the next calendar year and must be maintained annually to continue to receive status benefits.
For example: a brokerage funds $7.5 million by October. They begin earning benefits of a Preferred Partner starting in November. They also retain their Preferred Partner status for the following year. Throughout the next year, if that brokerage funds less than $7.5 million, they would start the following year as a Partner.
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A dedicated underwriting team:
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Personalized BDM support:
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| Compensation |
Volume bonus: We love working with you, and compensating our Partner, Preferred and VIPs for all the business they do with us just makes sense. Our Preferred and VIP partners will earn a volume bonus on their newly originated alternative mortgage fundings. Brokerages have two options to receive this bonus, and it can only be changed once per calendar year:
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| Funding ratio bonus: Funding ratios are important to us. Better ratios help us maintain efficiency within our underwriting centre, which means better levels of service for you as our client. As a thank you for maintaining a commitment-to-fund (CTF) ratio of 65%, we are pleased to pay you a 10 BPS bonus on the deals you have funded. |
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Commitment-to-fund (CTF) = total funded / total submissions (12-month history):
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Internal Refinance When refinancing an existing mortgage:
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Renewal fees VIP, Preferred and Partners are eligible to earn renewal fees on maturing mortgages. To qualify for renewal compensation, we require the agent play an active role in the renewal process of the mortgage. To discuss your client’s history with us, please submit a current signed and dated broker consent form within 90 days of maturity, along with the borrowers renewal agreement received from Optimum Mortgage. Our renewal compensation is outlined below:
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Compensation:
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Benefits
| Benefits | Partner | Preferred Partner | VIP | |
| Service | Minimum annual volume | $3,500,000 or 12 funded deals | $7,500,000 or 25 funded deals | $15,000,000 or 50 funded deals |
| Regular e-mail notifications and status updates |  |
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| Priority underwriting: top-of-queue service | |
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| Dedicated underwriting team | |
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| Compensation | Efficiency bonus of 10 BPS paid monthly when a 65% Commitment-to-fund (CTF) ratio is maintained | |
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| Internal refinance compensation (on full loan amount) | |
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| Eligibility for renewal fees | |
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| Eligibility for a volume bonus on alternative mortgages | 5 BPS |
10 BPS |
15 BPS |
Become a Partner
If you are interested in becoming one of CWB Optimum Mortgage’s broker partners, contact your BDM or click the link below to get started today.