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May 17, 2018

Major Loan Products Saw Huge Production Decline in 1Q

By John Bancroft

Residential mortgage lending was down in the first quarter of 2018 in every category, and by roughly similar degrees, according to a new analysis and ranking by Inside Mortgage Finance.

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Poll

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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