CMME, a mortgage advisory firm acquired by the OneDome Group earlier this year, is launching a new scheme aimed at self-employed mortgage advisers.
CMME is aiming to build and expand its mortgage broker network to 50 self-employed advisers within the next 12 months, hoping that estate agent leads generated by its property portals will help entice people to sign up to the scheme.
The OneDome Group says that it is able to provide CMME with access to leads from two property listing websites, onedome.com and nethouseprices.com, with a combined traffic of it says up to 1.3 million [EYE has not seen the supporting data and so cannot verify these figures] as well as an opportunity to work with it says more than 7,500 estate agency offices [again, EYE has not been provided with any supporting statistics].
The group pledges to pay what it says will be the highest gross and net pay away rate in the industry to its self-employed advisers. The group also says it has negotiated what it deems to be “favourable terms” with mortgage clubs to offer 12% higher revenue per protection contract sold.
“Demonstrable ability to double the average revenue per mortgage case vs traditional mortgage advisers thanks to cross-sell of products such as OneDome’s HomeBuyer Service, a bundled mortgage and conveyancing service, and a dedicated protection and wealth teams,” the company claimed in a press release.
The release adds, “In terms of leads, the brokers will have access to over 7,500 estate agents as introducers via OneDome. By joining OneDome – CMME Self-employed Mortgage Broker Scheme, advisers benefit from introductions to these agents, facilitating the establishment of direct relationships. This partnership creates a mutually beneficial arrangement where advisers can leverage OneDome Group’s extensive network and increase their client base.
“By joining the network, advisers also gain access to CMME’s team of skilled paraplanners who can handle a significant portion of their workload. This support allows advisers to focus on core revenue-generating activities, leading to higher productivity rates and increased revenue. As a result of this structure and technology platform used, CMME’s average productivity is double that of the industry average.
“OneDome and CMME are committed to providing its advisers with top-tier tech products.”
OneDome acquires CMME Mortgages
