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June 26, 2014

Mortgage Loan Officers and Overtime: Supreme Court Will Consolidate and Review Cases

By George Brooks

Two cases, Perez v. Mortgage Bankers Association and Nickols v. Mortgage Bankers Association, are the heart of the dispute.

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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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