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February 7, 2014

What We’re Hearing: Lender Pays a $1 Million Signing Bonus for Top LO / Ocwen About to Make Nice With New York? / Huge Delinquencies in Wells MSR Portfolio That Ocwen is Buying / Was McFarland Up for a CSP Job? / CFPB’s Cordray Stumbles on Opera (Yes, Opera)

By Paul Muolo

What’s the best way to entice a workaholic mortgage loan officer who knows how to bring home the bacon? Answer: Pay them a huge signing bonus.

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Poll

In 2016, what have you been paying your retail residential loan officers, on average, as a commission?

25 to 50 basis points per loan
51 to 75 bps
76 to 100 bps
101 to 150 bps
More than 150 bps
We’re a call center lender and don’t disclose that data point.

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