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June 10, 2014

An Ugly 1Q Indeed: Cost to Originate Spikes 21 Percent

By Paul Muolo

According to interviews conducted by IMFnews, many nonbanks lost money in January and February but began to see better results in March.

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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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