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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

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

vote to see results