MPIS & Bank Referral Codes

What it is

Some banks run Mortgage Referral Incentive Schemes (MPIS) or referral programs for licensed real estate professionals. In PaymentXchange, you can store your bank-issued referral codes so that qualified leads generated during your deals are automatically attributed to you for the bank’s program recognition.

What it does in PX — and across the ecosystem

• Auto-attribution in PX: Add a valid referral code for a participating bank and PX attaches it to eligible customer leads you submit.
• Hand-off to VX: Those leads are passed to ValuationXchange (VX), where banks can progress them through indication if desired and, when appropriate, formal valuation—all within the same ecosystem.
• Why this matters: Banks can act on your leads faster (no double data entry), keep audit trails/SLA visibility, and move the customer from deposit → mortgage assistance → valuation with fewer handoffs and less delay.

Benefits for agents

• Effortless referrals – PX handles lead submission & attribution automatically.
• Clear recognition – Your code follows the lead for MPIS recognition at the bank.
• Broader service – Help clients transition from booking/deposit to loan assistance smoothly.
• Track activity – Monitor referral status and outcomes within PX.

Updated on: 08/10/2025