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February 3, 2017

What We’re Hearing: Mnuchin Has Been Concentrating on the GSE Issue / More Banks Expected to Outsource Servicing / Showing the Love for Servicing / And You Can Have Your Stock Back Too / The Cordray Check: Still in Town, Still Running the CFPB

By Paul Muolo

When commercial banks run screaming from a business, it usually opens up a huge opportunity for nonbanksÖ

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On average, how much of a commission does your shop pay loan officers per loan they originate ?

25 to 50 basis points.
51 to 100 basis points.
101 to 150 basis points.
North of 151 basis points. (We expect a lot.)
We pay salary, not commission.

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