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Updated over 1 year ago on . Most recent reply

Anthony Freeman's profile image
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Anthony Freeman
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Anthony Freeman's profile image
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Anthony Freeman
  • Member since Aug 5, 2023
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Anthony Freeman
63
Votes |
327
Posts
Private Lending & Conventional Mortgage Advice

How mortgage lenders are paid?

Anthony Freeman
Posted

If mortgage lenders are paid by commission there must be conflict of interest issues from time to time.

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Timothy Hero's profile image
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Timothy Hero
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  • from United States
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Timothy Hero's profile image
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Timothy Hero
  • Lender
  • from United States
  • Member since Jan 7, 2020
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Timothy Hero
  • Lender
  • United States
471
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991
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Timothy Hero
  • Lender
  • United States
Replied

Mortgage lenders borrower money at x rate. The lenders that hold the note profit the difference. Most of the market sells the mortgages, and that's where the money is made.

Commission is for loan officers/mortgage brokers.

  • Timothy Hero
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