Volume 18 - Number 3
February 7, 2014
Some Still Pay Huge Signing Bonuses for LOs
In mortgage banking, logic dictates that when loan production drops dramatically as it has the past four months originators cut back on compensation. But that isnt stopping some lenders from offering huge signing bonuses to top performers. According to interviews conducted by Inside Mortgage Trends, a few nonbank lenders are paying hefty bonuses to lure certain loan officers away from their current employers. One nonbank lender based in California reportedly paid a $1 million signing bonus recently ...
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