At Citadel Mortgages, our dedicated mortgage brokers operate on a commission basis, ensuring they are rewarded only when they successfully assist you in securing a mortgage. Typically, our brokers earn a commission ranging from 0.5% to 1.2% of the total mortgage value. What sets us apart is our commitment to your financial well-being. Our brokers are empowered to share a portion of their commission to help reduce your mortgage rate, making home ownership more affordable for you. Join us in your journey towards financial stability and let our experts guide you every step of the way.

Boundless Earning Opportunities

As a mortgage broker, your earning potential is directly tied to your dedication and effort. With a robust client base, the sky’s the limit when it comes to your income. Essentially, your earning potential is uncapped, hinging on the number of clients you serve. This isn’t just a job; it’s a self-driven career that requires a high level of motivation and commitment to truly thrive. With the right amount of effort, you could see annual earnings ranging from $10,000 to well over $300,000. Your success is in your hands, and at Citadel Mortgages, we provide the platform for you to excel.

In Canada, the typical annual salary for a mortgage agent is approximately $102,375, equating to an hourly rate of $52.50. Those just beginning their careers in this field can expect to earn around $88,142 annually. On the other hand, seasoned professionals in this industry can earn up to $147,121 per year, reflecting the potential for growth and advancement in this rewarding career. All comes down to effort.

Navigating the Entrepreneurial Path: Your Investment in Success

Embarking on the journey of entrepreneurship brings forth certain costs, but at Citadel Mortgages, we’ve got you covered with a comprehensive range of services:

– **Credit Pulls**: Gain access to essential credit information.
– **Income Documents**: Ensure a seamless documentation process.
– **Title & Purview**: Effortlessly handle property-related details.
– **CRM & All Marketing Drips**: Access our robust client relationship management and marketing tools.
– **Lender Submission System**: Streamline the submission of applications to lenders.
– **Personal Time Coaching**: Benefit from guidance tailored to your needs.

We’re dedicated to your growth and success. In fact, we provide our agents with the opportunity to have their monthly fees refunded at the end of the year if they achieve the minimum required volume for funded mortgages.

At Citadel Mortgages, we’re invested in your journey towards prosperity. Join us and turn your investment into achievements.

Explore Diverse Roles for Your Mortgage Career at Citadel Mortgages

Here at Citadel Mortgages, we provide our mortgage agents with a range of role options to empower their career journey in the mortgage industry. Our dynamic opportunities allow you to thrive and expand your horizons within our reputable brand. Kindly remember that you are required to possess a valid license with us in the province where we are licensed.

At Citadel Mortgages, we’re committed to nurturing your business growth. No matter your stage – whether you’re a new agent, an experienced one, a team leader, or even a brokerage – we provide tailored company splits to fit your needs. Explore our up-to-date business split plans for self-sourced opportunities below. Benefit from our profit-sharing, agent recruitment bonuses, and renewal income. Plus, take advantage of our Health and Benefits package, with potential year-end credits when you achieve personal milestones.

At Citadel Mortgages, your business growth is our priority. We provide a lead program designed to expand your client base without added expenses on basic tiers. Additionally, our unique ‘Lead Cleanup Training Platform’ equips agents with the skills and behaviors necessary to effectively manage leads and cultivate self-sourced opportunities. Discover our lead program commission structure below.

At Citadel Mortgages, our coaching journey with you emphasizes mastery in deal packaging—tailoring them precisely to lender preferences and gaining expertise in analyzing and presenting your files. Many agents fall into the trap of thinking, “If I can’t communicate directly with a lender, how will I learn?” or “I need to speak with lenders.” Such mindsets, whether held by novices or veterans, can be limiting.

We’re here to pivot that perspective. At Citadel Mortgages, we mentor you to excel in assessing and structuring your deals. You’ll collaborate with an underwriter and our principal broker, who not only reviews your deals but also offers invaluable coaching. The icing on the cake? You’re not burdened with the salary of an underwriter. Instead, you incur a reasonable underwriting fee, but only upon a successful deal closure. Explore the details below.

Residential Files 

When commission are the following: 

$50-500 the fee is $50  

$500-999 the fee is $100  

$1000 –1500 the fee is $150 

$1501 – 3000 the fee is $350 

$3001 and above is $500 

Please note these fees can change at any time and can be changed per deal based on work required per file. 

For the 90/10 and 100% comp plans the UW fees are the same as above expect for when the commission is $3000 or more as the UW fee is $1000 for residential files. 

Commercial Files UW fee as follows 

5bps comes off the agent split and its $2000 fee. 

Mortgage Professionals play a pivotal role in turning dreams into reality, guiding individuals through significant financial choices that bring joy. Leveraging cutting-edge industry tools, they simplify the process, ensuring clients receive tailored mortgage solutions that align with their unique financial circumstances, saving both time and money.

Serving as a liaison between lenders and aspiring homeowners seeking mortgage loans. Guiding clients through the loan pre-approval process. Evaluating and presenting optimal home loan choices tailored to each client. Cultivating strong partnerships with real estate firms and lending establishments.

Navigating the mortgage industry requires resilience and self-motivation, given its self-employment nature. Unlike traditional employment where tasks are assigned and a paycheck is guaranteed, the mortgage world requires a proactive approach. You’re the driver of your success, and while we offer robust support, the onus of progress ultimately lies with you.

Consider this analogy: If you were to open a pizzeria, you’d receive the necessary tools and training, but the responsibility for expenses, payroll, and operations would be yours. The same principle applies here. Recognizing and accepting the entrepreneurial demands of this career is crucial.

Another critical aspect is prioritizing business acquisition. It’s tempting to dive into lender relations and intricate underwriting details, but without a client base, such knowledge remains underutilized. Our structure helps you prioritize building a solid pipeline of prospects. While we coach you in underwriting and deal packaging as you advance, remember: without a healthy client flow, longevity in this industry is challenging. We stress this because many agents become fixated on understanding lenders and underwriting without ever sealing a deal. Avoid getting sidetracked from the primary mission: acquiring and serving clients. Stay focused, stay driven, and together, we’ll achieve great things.