April 1st the new loan officer compensation plan takes place. Frank & Brian at Think Big Work Small http://tbwsdailyshow.com/ have had some excellent videos in the past couple weeks to discuss.
With the new changes the larger banks are going to bring in quite a bit more profit, pay loan officers less, and have higher rates for the good credit customers.
The March 15th video titled Senators rally to delay LO Compensation Fed Rule they make an excellent point about customers with excellent credit and a larger downpayment are going to be paying higher interest rates to make up for the others with lower credit scores and a smaller downpayment.
http://tbwsdailyshow.com/category/lo-compensation/
Ron Meyer is a Wisconsin licensed Sr. Loan Originator NMLS #222688 with GSF Mortgage Corporation NMLS #1018 located at 300 Patriot Dr. Little Chute, WI 54140 We specialize in financing purchases and refinancing home loan mortgages for all of Wisconsin. As a local lender we pride ourselves on offering quality service before and after your closing. Our underwriting is all done in house, allowing us to have quicker than normal processing time of your loan.
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