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Mortgage brokers make crazy money in the U.S. Generally around 2% of the loan amount so they're making $6,000 on a $300,000 loan. At the particular mortgage br
by 300bps 5y ago
Mortgage brokers make crazy money in the U.S. Generally around 2% of the loan amount so they're making $6,000 on a $300,000 loan.
At the particular mortgage broker that I have inside knowledge of, their worst loan officers are closing 5 loans per month and their best are closing 30 or more which gives them an annual salary of between $400,000 to over $2 million.