In recognising the critical role estate agents play in the property business, national mortgage origination company Bond Choice has instituted a specially-designed swift payment system that negates the guesswork on when commissions will be paid. QuickComm is a specialised information technology system developed in-house that eliminates the paperwork for estates agents. The self-invoicing system automatically pays out agents’ commissions within two days of Bond Choice receiving notification of the bond registration. Payment notification is then sent via either SMS or email to the agents. Typically agents receive their commissions after invoicing for each deal and only once the mortgage originator has been paid by the successful financing institution. “Gone is the guesswork and the paperwork; the repeated invoicing after each deal and the time-consuming follow-ups when commission payments are delayed or waylaid in the system. Bond Choice recognises that commission payments are critical to estate agents and this system provides the best solution in terms of meeting market requirements,” Bond Choice MD Sales Kevin Mountjoy says. Mountjoy says as a leading mortgage origination company nationally, Bond Choice differentiates itself in several arenas. Inherent in the way in which the company conducts its business were the core company values that provided choice, convenience and expertise to clients; a dedicated culture of being a home loan specialist company rather than a financial services group offering mortgage origination and the understanding that estate agents deserved their commission payments as rapidly as possible. “These principles espouse the passion we have about the business,” he says.
Celebrating Quick Commissions
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