559: The Costco of Mortgage Companies

Why is Costco Successful? They have built a High Volume, High Value & Low Margin business. Unlike most retailers, they earn 72% of their revenue from membership fees. Today Scott shares how he has modeled BRX Mortgage after Costco and why he believes it will transform the way the mortgage industry works. BRX is a High Volume, High Value, & Low Margin Business. If you want to find out more about BRX check out any of the following: Pro Webinar – Full Program Breakdown  How to create Passive Income through BRX Revenue Sharing  How to earn 100% Commission at BRX?  BRX Stock Options – Why we believe in shared equity with our agents  Why does no one talk about Volume Bonus?  The BRX Un-Contract  What do I get for $150/Month Membership Fee?    Email [email protected], or  Hit me up on Instagram! I Love Mortgage Brokering is brought to you by Finmo.   To learn more, visit: finmo.ca/ilmb I Love Mortgage Brokering: ilovemortgagebrokering.com  Find out more about BRX Mortgage: whybrx.com Today, I'm excited to discuss how we're applying Costco's business model to the mortgage sector. We've seen how Costco's strategy of low margins and high volume, coupled with membership revenue, has led to its remarkable success. At BRX Mortgage, we're mirroring this approach by prioritizing growth, transparency, and delivering exceptional value to our agents. In this episode, we will cover:  Comparison of Costco's business model to the mortgage industry High volume, high value, low margin business model Passing on savings to customers BRX Mortgage's rapid growth and radical transparency Focus on creating a supportive and transparent environment for agents Vision to take Brix Mortgage public by 2030 Prioritizing the success and satisfaction of agents