Mortgage profits fell in 2017…what about yours?

Have you ever analyzed your productivity per employee? This is a key indicator in whether your bank makes or loses money in mortgage origination. Personnel expenses averaged $5,346 per loan in 2017, compared to $4,801 the prior year. Productivity fell to 1.9 loans originated per production employee from 2.4 in 2016. Production employees include sales, […]

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