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Old 08-18-2010, 06:51 PM   #37
GRIFFIN
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Join Date: Mar 2008
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Quote:
Originally Posted by USCTrojanMan29 View Post
Gotcha, it makes sense to charge 2%+ if the loan amounts are in the less than $200k because whether it's a $100k loan or a $600k loan it is basically the same amount of work and the small loan amounts tend to be a bit more difficult to close than the higher loan amounts due to stronger borrowers.
If it is a high balance loan then you have less room to work with and the 1% of 500k stands out more than 1% of 200k. Plus being on the retail side, rather than wholesale where I was; I make more rebate. Since the company I work for is a direct lender. I sent you a PM.
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Quote:
Originally Posted by Hedges View Post
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