We explore the factors why loan officer payment is harmful to consumers. Therefore we offer an alternative Better that is— Mortgage loan officers whom don’t receive money commission, ever.
Loan officers will be the point that is main of for borrowers for the home loan application procedure at virtually every mortgage company. That’s an important work, appropriate?
In substitution for this solution, the normal loan officer is compensated 1% associated with loan quantity in payment. On a $500,000 loan, that’s a commission of $5,000.
