February 19, 2013
The 2012 Loan Originator Survey has been released by Mortgage Daily, providing insight into issues impacting mortgage loan officers. The survey was sponsored by StreetLinks Lender Solutions and co-sponsored by Champions School of Real Estate. A majority of the male-dominated group was employed by non-bank firms, in contrast to the bank-dominated overall population. Originators are the sales people of the industry and the face of home lending for many consumers. Today’s typical originator has over a decade of experience.
According to survey finsings, nearly 60 percent of the originators who participated in the survey indicated they earn at least $100,000 annually. Many said that they would have earned more if it weren’t for the Dodd-Frank Act