First National Bank
Bond Originator Commission Payments

Hi

Please could you advise me how bond originators are compensated by FNB? They have advertised their services are free, however, it is clear that banks pay them a commission/fee per successful loan introduced otherwise they would all be out of business. The rate I have received from FNB is not great and I want to understand why it is so. I would be grateful if you would confirm the following;

1- Is my rate influenced by using a bond originator
2- Is it a flat fee or commission that is paid to bond originators?
3- if it is a commission, what is the percentage and for how long is it paid?

All the above factors will significantly affect my rate and so far I have not been able to get to the bottom of how 'free' the service is to me.