New Lender Products and Training; Top LO’s/How Many Loans Per Month?

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Posted To: Pipeline Press

Now that the government has re-opened and furloughed bison are streaming back into various national parks, let’s turn back to… LO comp? “Rob, are you hearing that some companies are offering loan officers in a single branch multiple rate sheets, so that different LOs have different pricing?” Unfortunately, yes. Given that the goal is to offer the same rate to borrowers regardless of loan officer, it isn’t good. The risk you take by offering borrowers different rates is a Fair Lending risk that increases as HMDA gives us more access to more data. Products for Lenders “That was fast! Roughly two years ago, Resitrader introduced the first online trading platform and today those platforms are the new norm. Resitrader now has both GSEs, all the aggregators, banks…(read more)

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