MoneyPlace's Commission Update
Please find attached the updated Addendum for MoneyPlace, where the following changes have been made:
- Lender Assistance Fee (Brokerage) has been increased from $975 to $990.
- Repayment of Commission has been updated to only apply if the client is in default within 6 months from settlement.
These changes are in effect from the 1st of June.
The updated servicing calculator has also been attached, should you wish to share this with the team that updates the system - the brokers can access this in the MoneyPlace portal under resources.