Incorrect on many fronts, brokerage is charged direct to the customer and added to the loan. WISR in the normal run of business, is a fee for service lender.
Around 6.5 out if every 10 loans is broker introduced, so it is a place where they are already heavily invested. Hence my disappointment about them not injecting 10% of the Olympic budget into 3rd party expansion, primarily in educating the channel of how to capitalise on their product.
They have a high lending threshold to property owners, I use them for unsecured business funding, some personal lending, tax debt option and first and foremost gap funding to mitigate or eradicate LMI.
