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.

When pressed further, Middleman noted that getting acquisitions approved in the Empire State can “take a long time”…

Seu pointed to the steady “brain drain” of talent from Fannie Mae and Freddie Mac...

One veteran mortgage trade group official, a staunch Republican no less, told us that Lawsky is an “honest and bright guy,” adding that he understands the issues.

Once word leaks out that a mortgage company is a takeover target, many LOs start weighing their options, contacting competitors who tried to recruit them in the past.

Roughly a month ago, ClearVision founder Jon Maddox announced his retirement to Pacific Union senior management.

Pacific Union Financial took in $100 million of profits. It’s not every day that a privately held nonbank tells the world what it’s earning…

Industry consultant Joe Garrett notes that one of his clients (back in 2003) had 52 loan officers and “about 52 comp plans”…

As part of the transaction, company founder and president Steven Horne will step down as president and chief executive officer, but will remain as a senior advisor.

Note to Ocwen management: every US employee is a potential mortgage customer. Think about it.