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August 16, 2017

Alternative Credit Scores for GSE Loans will Have to Wait for the Single-Security Project

By Carisa Chappell

Mel Watt called the credit score explorations one of the ďmost difficultĒ evaluations heís taken on as FHFA director.

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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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