Tuesday, 22 June 2021 | The Latest Buzz for the Appraisal Industry

With Volume Up, LOs Saw Increased Commissions in Q1, Despite Decrease in BPS Paid Per Loan

Increases in year-over-year refinance and purchase loan volume contributed to higher overall commissions for loan originators (LOs) and loan processors in the first quarter, despite a slight decline in basis points (BPS) paid per loan, LBA Ware’s Q1 2021 Mortgage Loan Compensation Report shows.

Commissions earned by LOs increased 52% compared with the first quarter of 2020 because the average LO funded 55% more loan volume, according to the report, which is based on

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