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June 27, 2014

Bank of America Gives Pink Slips to 540 ‘Legacy’ Servicing Employees

By Paul Muolo

The bloodletting in Bank of America's servicing division continued this month with the megabank giving pink slips to hundreds of workers.

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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
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