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Home » Store » Taxable » Compensation Grows Rapidly in Mortgage Boom of 2002, Community Bankers Say

Compensation Grows Rapidly in Mortgage Boom of 2002, Community Bankers Say

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With mortgage lending activity reaching an all-time high, and community banks reporting record earnings last year, it is no surprise that salaries among mortgage lenders at community banks have risen. A new study shows that the many banks use the company’s profit in determining employing compensation. According to America’s Community Bankers’ 2003 Compensation Survey, the average salary of senior loan officers increased substantially, by 7.4 percent, and their commission doubled through the year ending
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