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July 12, 2018

PiperJaffray: Lenders are Cutting Costs but It’s Not Enough. LO Pay Must Come Down

By Paul Muolo

Consultant David Lykken said some mortgage bankers believe LO comp is “untouchable,” but he strongly disagrees…

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Poll

With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

Yes, definitely. A solid move forward.

45%

Yes, but only incrementally.

16%

We’re pondering a move into non-QM, but haven’t made up our mind.

13%

No, definitely not. We view it has too risky.

26%