Mortgage brokers are required to disclose their income (commissions) in Credit Proposal document.

In order to do so, Salestrekker offers Commission Group feature. Once set up, this feature is added in Broker Tools > Commissions tab by selecting the relevant group from the drop down list.

This feature offers generic settings so that a few options can be used for all deals (i.e. not required, but possible, to add each specific user/referrer in individual groups).

Setting up Commission Groups

Go to Settings > Commission Groups tab and click on 'Add New' button.

In the new commission group editor window, name the group and add relevant details.

Relevant details can be as simple as disclosing all commissions to the broker or can be as complex as the distribution payment can be, including several layers of commission splits.

A - Group a name (eg. Broker/Referrer 80/20)
B - The primary recipient of funds. For aggregator users (not generic Salestrekker), aggregator goes here
C - Details of primary split recipient
D - Details for the distributions from this primary split
E - Upfront and trail distributions (either as a percentage or flat dollar fee)
F - Primary split
G - Distribution from primary split
H - Another primary split

When clicking on one of the split recipient fields, type the word 'generic' to see all the available options.

List of all generic options:

Generic Enterprise = aggregator (use only if under one of the aggregator branded versions of Salestrekker)
Generic Group and Generic Branch (to be used only for aggregator admins)
Generic Organization = your broker business
Generic Deal Owner = broker (deal owner)

Generic Organization Institutions and Licenses (pulled from Settings > Details tab)

Generic Deal Owner Institution and Licenses (pulled from Settings > My Account tab)

Generic Deal Partner = referer
Generic Deal User as Partner = another broker or assistant added as deal team member

You can add up to three referrers to the Commission Group.

You can also choose any one of the Account professional licenses and Organisation professional licenses to be included in the commission splits.

This can be a good solution to present the commission distribution where your ACL Holder is included.

You can add their details under the Organisation Professional Licenses Institution 1 field and choose that field to pull the details to the commission table.

The exact commissions in deals can be hidden from non-admin users.

Go to Settings > Permissions and set that non-admin users are not allowed to see the splits.

Using Commission Groups

Selecting commission group in Deal

In Broker Tools, go to Commissions tab and select a desired group from the dropdown.

If you cannot see commision distribution upon selecting it from the dropdown, this means that your are a non-admin user and do not have permission to view this.

Editing selected commission group in Deal

Selected commission group can also be further edited if needed.

If choosing to edit, the amounts will not automatically recalculate any changes made. All amounts will have to be manually completed to hold accurate payment distribution.

You can find the edit option (a switch) in the upper right corner when you select a commission group.

Adding commission to documents

To add commissions to your Credit Proposal document, kindly modify your template to have the appropriate merge key located under Document Templates > Merge fields.