Just to be clear, this article is about how much mortgage brokers make on the loans they originate, not how much they make in the way of salary.

In the very recent past before April 1,mortgage brokers could make money on both the front and back-end of a loan. Why use a mortgage broker? Put simply, they could charge a loan origination fee directly to the borrower and get paid by the mortgage lender via a yield spread premium. The Fed came in and changed all that by effectively banning yield spread premiumsand now mortgage brokers can only get paid by the borrower or the lender, not both.

Well, a recent press release from Mortgage Group detailing the compensation changes said mortgage brokers generate an average revenue of 2. Not a bad take, depending on how many loans are closed each month, and what expenses are involved. The Mortgage Group believes brokers will be able to adapt to the changes, and if you know anything about the mortgage business, rules are circumvented overnight.

Many lenders are now publishing multiple mortgage rate sheets, with one version lender-paid compensation and the other borrower-paid compensation. For example, if they want to make 2. How to get a wholesale mortgage rate? This is relatively good news for borrowers, but bad news for brokers, who continue to lose market share.

Financing: How does a mortgage broker make money? - Trulia Voices

How does a mortgage broker get paid? Click here to cancel reply.

How Do Mortgage Lenders Get Paid and Make Money? | Investopedia

Powered by the lovely Wordpress platform. Home About Contact Mortgage Dictionary Mortgage Help Topics The Archives. Mortgage News Mortgage Tips Mortgage Mortgage Amortization Debt-to-Income Ratio Do I Qualify for a Mortgage?

How to Get a Mortgage Loan-to-Value Ratio What Are Mortgage Points?

Mortgage Pricing Adjustments What Is a Mortgage? Mortgage Rates 10 Tips to Get a Better Mortgage Rate Are Mortgage Rates Negotiable? Buying Down Your Broker make money mortgage Rate Do Mortgage Rates Change Daily? How to Find and Get the Best Mortgage Rate What Mortgage Rate Can I Get With My Credit Score? Loan Types Adjustable-Rate Mortgages Conventional Mortgages Forex swap investopedia Loans Fixed Rate Mortgages No Cost Mortgages Second Mortgages Which Mortgage Book forex trading india legal Right For Me?

Refinance Can I Refinance with Negative Equity? What Is a Cash-Out Refinance? Does 60 second binary options strategy mt4 Refinance Require an Appraisal? Does Refinancing Hurt Your Credit Score?

How Does Refinancing Broker make money mortgage When to Refinance a Mortgage Vs. ARM Home Prices vs.

Mortgage Rates Jumbo Loan vs. Conforming Loan Mortgage Brokers vs. Banks Mortgage Rate vs. How Much Do Mortgage Brokers Make?

Colin Robertson Before creating this blog, Colin previously worked as an account executive for a wholesale mortgage lender in Los Angeles. You can follow him on Twitter and connect via Google Plus. Leave A Response Click here to cancel reply. Name required Email required Website. How Are Mortgage Rates Determined? How Long After Foreclosure Can I Purchase a Home? How Long Do You Plan to Keep Your Mortgage? How Much House Can I Afford?

How to Pay Off the Mortgage Early How to Reduce Closing Costs on Your Mortgage Short Sale vs. Should I Lock or Float My Mortgage Rate? Should I Rent or Buy a Home? Should You Pay Off the Mortgage or Invest Instead?

Tips for First-Time Home Buyers Top 10 Mortgage Mistakes to Avoid What Credit Score Do I Need to Get a Mortgage? What Documents Are Needed for a Home Loan? What Is a Mortgage Broker? What Is a Short Sale? What Is an Underwater Mortgage?

How Do Mortgage Brokers Make Money?

What Mortgage Term Is Best? Which Mortgage Should I Pay Off First? Connect with Me… Follow mortgagetruth!