credithub wrote:

I’ve seen some mentoring arrangements where mortgage brokers pay around 20% of their commission, which can add up quickly depending on loan volume. For example, if a student writes 4 loans a month at $3,000 each in commission, that’s $2,400 going to the mentor. If the mentor has multiple students, the numbers get significant. It’d be helpful to understand how much time mentors typically spend reviewing files and supporting new brokers, so entrants can assess whether the fees are proportionate to the support they’re getting.

It’d be great if there were more transparency in the industry about what that mentorship actually includes, because the difference between a quick phone check-in and full file support is huge.