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August 28, 2014

Colorado Lender Sees Mortgage Volume Devastated When All of Its Loan Officers Quit

By Paul Muolo

It's highly unusual that an entire staff of loan officers would leave on their own accord all at once, especially in a tough origination market.

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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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