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December 30, 2014

The Best Paid Mortgage LOs are in Arizona, California, New Jersey, New York

By Paul Muolo

Some banks pay between 50 and 80 basis points per loan. At the top end of the market are loan officers who earn between 150 and 200 basis points per transaction.

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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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