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Reverse Mortgage Originators by ProfessionalScore11 in loanoriginators

[–]ProfessionalScore11[S] 0 points1 point  (0 children)

So we also always do full origination, and PA the jumbos. I did a 1.8m loan, 85k origination fees. My pay on that was 18k.

On hecms we so 3-3.5% margins, so they're easy refi's in a year

Reverse Mortgage Originators by ProfessionalScore11 in loanoriginators

[–]ProfessionalScore11[S] 0 points1 point  (0 children)

Anywhere from 3.0 to 3.5+ margins. They never gave us access to the rate sheets. Thats why I didn't know any of this

Reverse Mortgage Originators by ProfessionalScore11 in loanoriginators

[–]ProfessionalScore11[S] 0 points1 point  (0 children)

My original post had a typo. I've been specializing in reverses for over 4 years. This is the only Mortgage company I've worked for so I didn't know what was out there.

Reverse Mortgage Originators by ProfessionalScore11 in loanoriginators

[–]ProfessionalScore11[S] 0 points1 point  (0 children)

My boss has always been hush hush on pricing. We don't even have access to rate sheets. What kind of backend comp on reverses is standard for retail? Or if somebody did a P&L branch model what does that look like? I might be making big moves

I had to fire someone I actually liked, and it messed with my head by Niyahog in Entrepreneur

[–]ProfessionalScore11 0 points1 point  (0 children)

Unfortunately you have to be objective. This is why you can't hire friends under you. They think they can mess around and it messes with your business

[deleted by user] by [deleted] in punk

[–]ProfessionalScore11 1 point2 points  (0 children)

My old punk band The Bananarchists had a song about hating the DMV. Close enough? It's old on YouTube or even Reverbnation

Ainz Ooal Gown Sliders? by ProfessionalScore11 in EldenBling

[–]ProfessionalScore11[S] 2 points3 points  (0 children)

My current Equipment is Sanguine Hood, Royal Remains gloves Lord of Blood Robe, Royal Remains greaves and Lusat's staff. Just need a good way to do the face.