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August 22, 2017

OCC Sets Process for Banks to Originate Mortgages with LTV Ratios Greater than 100 Percent

By Brandon Ivey

The OCC noted that Fannie Mae, Freddie Mac and the FHA all offer loan options aimed at property rehabilitationÖ

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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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