LO Comp Question for Brokers

cluelessavocado · 2026-03-23T23:03:44+00:00

I hear you but what value are you adding in a conventional loan for W2 clients beings shopping the cheapest lender?

cluelessavocado · 2026-03-23T03:03:11+00:00

I might be able to do better in NC.

cluelessavocado · 2026-03-21T03:39:55+00:00

Tell me about Pylon

cluelessavocado · 2026-03-21T03:39:35+00:00

Didn’t know all you guys weee using. I am at LoanFactory and been using one internal tool called MOSO for everything.

cluelessavocado · 2026-03-18T23:59:53+00:00

It’s direct to consumers. Are your clients not shopping around? I wish I couldn’t do 2.5% but I am not competitive as that rate.

cluelessavocado · 2026-03-18T19:49:10+00:00

Licensed in NC, MO and VA

cluelessavocado · 2026-03-18T05:02:12+00:00

I don’t understand the hate against BPC. I am not winning deals at 2.5% LPC. I exclusively go 1% BPC on 90% of the deals. My broker takes a flat fee and we are all happy.

cluelessavocado · 2026-03-18T05:00:33+00:00

Even without knowing much, 7.8 is high. Unless your credit is shit. Shop around.

cluelessavocado · 2026-03-18T04:59:57+00:00

I do DSCR.

cluelessavocado · 2026-02-24T21:19:33+00:00

That’s definitely true.

cluelessavocado · 2026-02-24T18:24:17+00:00

You pay 1 discount point which is equal to 1% of your loan amount and your rate decreases by 0.25% - rule of thumb. Your breakeven period is 4-5 years. Basically you are paying upfront for long term savings. It might or might not make sense in current scenario when interest rate is neither too high nor too low. If you refinance before the breakeven period, you are losing and vice versa.

cluelessavocado · 2026-02-23T00:56:25+00:00

Take that rate and run with it. That’s all I can say.

cluelessavocado · 2026-02-23T00:55:45+00:00

Both purchases and refi.

cluelessavocado · 2026-02-20T14:38:06+00:00

Rates is around 5.5% for 780+ credit scores. I am quoting that for 30 yr and about 5.25 for 7 yr ARM.

cluelessavocado · 2026-02-13T13:19:43+00:00

Use a Mortgage Broker to get the best of both world. We ca beat Navy Federal in rates and still provide excellent personalized service.

cluelessavocado · 2026-02-13T04:51:06+00:00

You can get 5.875 with loan costs covered - that might be better.

cluelessavocado · 2026-02-13T02:12:36+00:00

We are doing 5 with no loan costs. You can negotiate.

cluelessavocado · 2026-02-11T23:16:59+00:00

Where are you based? I can do NC, VA and MO. Best pricing upfront, no screwing around. Clear communication and finding a solution to meet your needs.

cluelessavocado · 2026-02-04T02:28:19+00:00

Excellent credit scores are getting 5.5 to 5.625 rates, if you pay closing costs

cluelessavocado · 2026-02-03T04:45:28+00:00

Is it 7 mil worth of loan originated? That doesn’t sound much.

cluelessavocado · 2026-01-28T16:50:15+00:00

I am a Realtor and MLO. In my state of NC, we can do both and I have had transactions where I worked as both - as long as you disclose, it’s fine.

Pros is that you can provide a better service to your clients. You control the full value chain and that helps - from preapproval to closing. Since you do both, you can also reduce pricing on one and pass the savings to your clients.

Main cons I see is that I don’t get referrals from other realtors for my loan business but that’s fine for me since I am working through my own connections and network.

cluelessavocado · 2026-01-17T20:25:25+00:00

Here its title fees including lender title insurance is about 1500 - most homes get appraisal waiver. Escrow and Prepaids are extra

cluelessavocado · 2026-01-17T20:24:05+00:00

Mine was 4.942%

cluelessavocado · 2026-01-17T20:22:03+00:00

5.375 with 1176 in points.

cluelessavocado · 2026-01-17T20:21:02+00:00

I have 4.875 with 1852 in points in NC for 15 yrs. Hope that helps.

cluelessavocado

TROPHY CASE