A considerable amount of a mortgage broker’s salary is based on the commissions they receive for completing a loan transaction. The market continues to increase in competitiveness, since mortgage brokers now has access to wholesale markets and because of the lower overhead involved with running a brokerage firm. Access to wholesale markets means a mortgage [...]
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Changes in Regulations Governing the Mortgage Broker Market
Posted by admin on October 30th, 2009
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Tags: Brokerage Firm, Commissions, Competitiveness, Flip Side, Good Faith Estimate, Lending Institutions, Loan Approvals, Loan Transaction, Mortgage Broker, Mortgage Brokering, Mortgage Brokers, Mortgage Lending, Mortgage Loan, Mortgage Market, Mortgage Rates, Profit Margins, Wholesale Markets, Wholesale Prices, Wholesale Rates, Yield Spread Premium 
No Comments »How Much Does A Mortgage Broker Usually Make Off Of A Mortgage Loan?
Posted by admin on October 20th, 2009
Since compensation methods for mortgage brokers are not regulated by any government entity, it is important to note that brokers can charge whatever they want to for their services. Of course, since the number of brokers in the residential real estate market has steadily increased to the point where it is impossible to count how [...]
Posted in Articles Tags: Cash Loan, Closing Costs, Compensation Methods, Complexity, Contract Provisions, Government Entity, Independent Resource, Interest Rate, lenders, Liaison, Loan Application, Mortgage Broker, Mortgage Brokers, Mortgage Loan, Paperwork, Real Estate Market, Residential Real Estate, Submission, Yield Spread Premium No Comments »