TD Broker Services is pleased to introduce significant changes to our Pricing Operations which will help create further transparency, consistency, and dependability when choosing TD. This is the result of direct feedback  from the Broker community and a successful pilot launch with select Brokers.

Effective today, Tuesday April 1, TD Broker Services is introducing Real Time Pricing (RTP).

What is Real Time Pricing?

RTP offers Brokers access to approved buydown rates, in real time. Brokers will no longer need to request an exception decision or go back and forth to secure a rate.

How does RTP work?

Effective today, Tuesday, April 1, the TD Broker Rate Sheet will include buydown maximum limits and a Buydown Calculator to help you determine how much you can buydown on any application and the associated costs of the buydown. Refer to the tab ‘Compensation’ within the attached/recently sent/ TD Broker Rate Sheet.

Why is TD Broker Services offering Real Time Pricing?

We understand from your feedback, that speed to better rates has been a significant pain point and impact to your client experience. To simplify, we have worked closely with our Pricing Team to develop a more effective way to provide discounted rates and their associated compensation.

What are the benefits of Real Time Pricing?

• Transparency will exist as Brokers will now have access to all available rate options without having to request an exception or engage an Inside Sales Manager (ISM) or Regional Sales Manager (RSM).
• Brokers will now be empowered to control their transactions and compensation. The tiered TD Broker Rate Sheet with buydown calculator offers more clear and dynamic options.

• Eliminating required rate exception requests allows Brokers to confidently provide customers with rates immediately, ensuring a more consistent experience.
• It creates dependability, providing a sense of confidence that TD will offer their best competitive pricing within the marketplace. 

Important Note: Real Time Pricing Rate Sheet Buydown option is not available for deals over $1.25MM. Please engage your RSM/ISM to support any rate exceptions.

Support Resources available:

• See attached TD Broker Rate Sheet. Please note that the most current TD Broker Rate Sheet can also be obtained from your RSM/ISM or downloaded directly from the TDMS Portal at: https://www.tdmortgagesolutions.com/
• To attend this week’s Broker Drop-in session, please reach out to your RSM/ISM to be added to the session.
• BIK updates scheduled for April 1, 2025.