True but most LO’s are looking for better comp plans now. The average LO is at 125bps. The goal is to increase spread and average 250bps net. That way similar or increase production spreads way further. And this does not have to be in the broker world this is done in the IMB space.
Correct! There will be outside factors such as companies folding. From 2007 - 2008 I worked for four mortgage companies. I left three because they went out of business...that said, my production did suffer...
True but most LO’s are looking for better comp plans now. The average LO is at 125bps. The goal is to increase spread and average 250bps net. That way similar or increase production spreads way further. And this does not have to be in the broker world this is done in the IMB space.
250bps net?! Yeah, I just don't see that.
Except 2 of the 4 companies folded under, completely unrelated to my productivity... Your logic is flawed, if it's only exclusionary in nature
Correct! There will be outside factors such as companies folding. From 2007 - 2008 I worked for four mortgage companies. I left three because they went out of business...that said, my production did suffer...
Not really the truth
Yes it is, or it’s your judgement
@@Ed-of1jo nah