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February 14, 2018

127 Mortgage Banking Executives Sign ‘Open Letter’ to Congress on GSE Reform

By Paul Muolo

Housing finance reform legislation is being worked on in the House and Senate but has yet to be formally introduced.

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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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