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July 31, 2014

Short Takes: Matrix and Freedom Mortgage Come on Strong / Hope for Warehouse Banks? / Norcom Opens More Branches / About that Servicing Legislation… / Congress: We Can’t Live With Them, and We Can’t…

By Paul Muolo

One joke making the rounds in Washington this week: Congress is going on its August vacation. How will we know the difference?

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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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