Connective is one of Australia’s leading mortgage broker aggregators, providing a comprehensive suite of services designed to help brokers thrive in a competitive and ever-evolving market.
For mortgage brokers, becoming part of a large aggregator like Connective offers the opportunity to tap into a vast range of resources, lenders, and operational tools that would otherwise be difficult to access independently.
If you’re considering joining Connective, understanding their services, resources, and the associated Connective aggregator fees will be essential in making an informed decision.
This article will explore who Connective is, its role in the Australian mortgage broking industry, the services it offers, and how brokers can benefit from partnering with this leading aggregator.
What is Connective?
Overview of Connective
Connective is a well-established mortgage broker aggregator founded in 2003. Over the years, it has grown into one of the largest aggregators in Australia, with thousands of brokers across the country.
As an aggregator, Connective acts as an intermediary between brokers and lenders, offering brokers access to a wide range of mortgage products and services.
Connective provides brokers with the tools they need to streamline their operations, improve client service, and grow their businesses.
The aggregator’s platform connects brokers with a diverse panel of lenders, allowing them to offer clients the best loan products that suit their individual needs.
Whether brokers are working with first-time homebuyers, property investors, or clients seeking to refinance, Connective helps ensure they have the right solutions.
The Role of an Aggregator
The role of a mortgage broker aggregator, such as Connective, is to provide brokers with access to a broad panel of lenders, support services, and operational tools.
Aggregators play a pivotal role in the mortgage industry by allowing brokers to access competitive loan products from a variety of lenders, which would otherwise be difficult to secure individually.
In addition, aggregators like Connective provide brokers with business development resources, training, marketing support, and technology solutions that streamline the loan application process and reduce administrative workload.
Mortgage brokers partner with aggregators because it allows them to offer clients more choice and better loan products, while simultaneously benefiting from a range of tools and support to help their businesses grow.
Services Provided by Connective
Access to a Broad Panel of Lenders
One of the main advantages of partnering with Connective is access to an extensive panel of lenders. Connective partners with over 40 lenders, including major banks, regional banks, and non-bank lenders.
This wide variety of lender partnerships gives brokers access to a vast selection of home loan products, from basic fixed-rate loans to more complex lending options such as construction loans, commercial finance, and self-employed loan products.
With access to such a broad range of lenders, brokers can provide tailored solutions to meet their clients’ unique financial needs. This is particularly beneficial for brokers working with clients who may not fit the traditional lending criteria of larger financial institutions.
Technology and Platforms
Connective is known for its robust technology platforms that help brokers operate more efficiently. The Connective Loan Platform is an essential tool that brokers use to process loan applications, track progress, and manage their clients’ information.
This platform streamlines the application process, allowing brokers to submit and track loan applications in real time. This reduces administrative time and ensures brokers can focus more on client relationships rather than paperwork.
In addition, Connective provides brokers with a customer relationship management (CRM) system. This system helps brokers manage their client data, track communications, and ensure they follow up at the right times.
A well-organised CRM system enhances customer service, client retention, and helps brokers increase their business.
Training and Development
Connective offers extensive training programs and professional development resources to help brokers stay ahead in a competitive market. The training includes a range of topics such as product knowledge, compliance, marketing, and business growth strategies.
The aggregator also provides access to ongoing professional development opportunities. These include webinars, workshops, and industry updates, all of which keep brokers informed about regulatory changes, new product offerings, and best practices in the industry.
By ensuring brokers have the knowledge and tools they need to succeed, Connective helps them build stronger, more profitable businesses. This commitment to training and professional development is one of the key factors that attract brokers to the aggregator.
Marketing and Business Development Support
Another significant benefit of partnering with Connective is the marketing and business development support that brokers receive.
As a member of the Connective network, brokers can access a wide range of marketing resources, including digital marketing tools, email templates, and print marketing collateral.
Connective also offers co-branded marketing materials, which help brokers build their own brand while leveraging Connective’s established reputation in the market.
By offering these resources, Connective enables brokers to increase their visibility, reach a broader audience, and attract more clients.
In addition, brokers are paired with business development managers (BDMs) who offer one-on-one support. BDMs help brokers with everything from business strategy and growth plans to lead generation and marketing advice.
This support ensures brokers have the guidance they need to make informed decisions and achieve long-term success.
Connective Aggregator Fees
What Are Connective Aggregator Fees?
For brokers, Connective aggregator fees are an important factor to consider before joining the aggregator network. These fees are typically charged as a percentage of the commissions brokers earn from loan settlements.
However, Connective’s fee structure is designed to be flexible, so brokers can choose the level of service that fits their needs.
The fees charged by Connective cover access to the lender panel, technology platforms, training, marketing resources, and business development support. These resources help brokers streamline their operations, improve client service, and ultimately grow their businesses.
How Are Connective Aggregator Fees Structured?
Connective’s fee structure is relatively straightforward and includes both percentage-based fees and fixed fees for certain services. The most common fees brokers pay are commission-based fees, which are a percentage of the revenue earned from loan settlements.
These fees typically range from 15% to 30% of the broker’s commission, depending on the broker’s level of business, the services they require, and their individual agreement with Connective.
Additionally, brokers may incur fixed fees for specific services. For example, fees may apply for additional marketing resources or premium CRM solutions. These fees are usually set upfront and are not based on the broker’s loan volume.
Connective provides transparency in its fee structure, so brokers are always aware of the costs involved and can make decisions based on their business needs.
Are Connective Aggregator Fees Worth the Investment?
For many brokers, the Connective aggregator fees are seen as an investment that helps them grow their business.
The access to a broad range of lenders, cutting-edge technology, training, marketing resources, and business development support can significantly boost a broker’s efficiency, client service, and profitability.
While fees are a necessary cost for brokers, the benefits provided by Connective’s comprehensive services often outweigh the expenses.
By joining Connective, brokers can increase their income potential, streamline their operations, and expand their client base, ultimately justifying the cost of the aggregator fees.
Benefits of Joining Connective
Increased Earning Potential
One of the main reasons brokers choose to partner with aggregators like Connective is the opportunity to increase their earning potential.
By accessing a large lender panel and receiving competitive commission rates, brokers are able to offer clients better loan products and earn higher commissions. Additionally, brokers may qualify for volume-based incentives, further boosting their income.
Operational Efficiency
Connective’s technology platforms and CRM systems help brokers manage their workflows and client relationships more effectively.
By streamlining the loan application process and centralising client data, brokers can reduce the time spent on administrative tasks, allowing them to focus on client acquisition and service.
Access to Training and Resources
The ongoing training and professional development opportunities offered by Connective are valuable for brokers looking to improve their knowledge and skills.
Connective ensures that brokers have the tools they need to stay up-to-date with industry trends and product changes, helping them maintain their competitive edge.
Frequently Asked Questions
What are the typical Connective aggregator fees?
Connective aggregator fees are typically a percentage of the broker’s commission, ranging from 15% to 30%. There may also be fixed fees for additional services like marketing or premium CRM systems.
How does Connective help brokers grow their business?
Connective helps brokers grow by offering access to a broad panel of lenders, cutting-edge technology, training, marketing resources, and business development support. These resources enable brokers to improve efficiency, attract more clients, and increase profitability.
Is it worth paying Connective’s aggregator fees?
For many brokers, the services provided by Connective justify the cost of the aggregator fees.
Access to a wide range of lenders, advanced technology platforms, training, and marketing support allows brokers to grow their business, improve client service, and increase their earning potential.
Conclusion
Connective is one of the leading mortgage broker aggregators in Australia, providing brokers with access to a wide range of lenders, advanced technology platforms, training, and marketing support.
By partnering with Connective, brokers can streamline their operations, enhance client service, and increase their earning potential.
While Connective aggregator fees are an important consideration, the value brokers gain from the services offered by Connective often outweighs the associated costs.