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December 3, 2014

Some Nonbanks Post Spectacular Growth in Correspondent Lending

By John Bancroft and Paul Muolo

As one West Coast-based mortgage executive told IMFnews: “It can be a very tough space. You need lots of capital."

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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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