1. Open Market, Kickback Free Comparison
The best loans for you may or may not be available from a closed group of commission paying lenders, so we run an open market mortgage contest enabling any lender or mortgage broker to compete directly for FREE against our panel lender’s best deals.
2. Transparent, Accessible Comparisons
After discovering your needs, your Adviser makes a loan recommendation shortlist that you can access directly 24 x 7 online via your BURST dashboard. You can also compare the shortlist with all other matching panel lenders and mortgage contest bids, so you can be sure a proper comparison has been done.
3. Advisers Are Paid the Same Amount
Our Advisers aren’t paid variable sales commissions based on the lender or loan features. Aside from a Happy Customer Bonus of $100, Unbiased Advisers are our employees who are paid the same amount regardless of what you do because they’re professional advisers, not sales people.
4. Impartial Price and Match Algorithms
In their first contact with you, your Adviser determines your situation and designs your ideal loan structure and features that they think work best for you. This information is trapped in BURST then impartially matched for fit against our Panel Lender loans and all bids made by third party lenders to win your mortgage contest.
5. Any commissions are paid to you
Lender paid commissions are BIG and can cause broker bias on a bunch of important things like which lender, what features and more – and that will often cost you thousands. We give you any lender paid commissions and any other money we receive for your loan. This on its own can save you thousands, but it’s also one important part of how we remove broker bias.