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November 4, 2014

Plenty of Lenders are Hiring Loan Officers, Mostly Nonbanks

By Paul Muolo

Hiring top performers can cost a company in terms of salary and bonus pay, but many believe such hires are worth it because such LOs bring in a ton of volume.

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Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

vote to see results