How Much Do They Earn?
UExpress.com, June 24, 2016–Sichelman, Lew
In 2015, independent mortgage lenders–those unaffiliated with larger banks or with the mortgage subsidiaries of chartered banks–earned an average of $1,189 in profit on each loan they originated, according to the Mortgage Bankers Association’s annual performance report. But in the first quarter of this year, their net gain on each loan slipped to $825.
