The Smart Team of NOVA® Home Loans

Agency Updates; Another GSE Reform Plan; Bank M&A – Branches Still Popular

Posted To: Pipeline Press

For 2015, retail originators averaged total compensation of $88,415 versus $80,376 for Consumer Direct originators, per a STRATMOR Insights report on the subject. While retail originators averaged higher overall compensation, it was due to higher incentives (commissions). The CD originators were paid a higher base salary and/or draw amount than the traditional retail MLO but their average incentives were smaller even with higher productivity. Bank News Bank earnings season is well underway, with scores of banks reporting so far. Overall, the results seem solid, but not inspiring. Banks have reported improved net interest margins but sluggish and variable loan growth. As always, some beat estimates, others don’t, reminding us to ask if the estimate was wrong or the analyst. Banks stocks have…(read more)

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Source: Mortgage News Daily

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