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June 3, 2014

Short Takes: Correspondent Buyers Getting Picky? / Wells Fargo Choosey on HELOCs? / BofA Likes Home Equity Loans / When in Doubt, Recruit Top Talent / FHLB Advances Take a Dip

By Paul Muolo and

It’s no secret that aggressive mortgage banking firms are recruiting top executives and loan officers away from other firms. One of the busiest recruiters that we know of its Mortgage Master of Walpole, MA.

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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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