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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 mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

vote to see results