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Volume 18 - Number 22

October 31, 2014

Plenty of Firms Are Hiring Loan Officers

Residential production volume may not be much better next year, but that isn’t stopping certain growth-minded lenders from hiring loan officers. According to a survey conducted by affiliated newsletter Inside Mortgage Finance, 71 percent of mortgage companies plan to hire LOs – in varying degrees – over the next six months. Just 29 percent of respondents said they plan to cut staff. While a number of large commercial banks have pulled back from the mortgage industry in different ways ...

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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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