Topic: Revenue Share Offered By Lenders
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@gustan-cho After a quick dive into this question… I found a lender (Atlantic Bay Mortgage Group) who does something similar to what NEXA offers it L.O.s. This is called the Progressive Earnings Plan. Here is a link to the article from The Truth About Mortgage from 2021 https://www.thetruthaboutmortgage.com/mortgage-lender-to-share-servicing-income-with-loan-officers/
thetruthaboutmortgage.com
Mortgage Lender Offers to Share Servicing Income with Its LOs
A Virginia-based mortgage lender has launched a loan officer compensation plan that provides originators with a piece of the loan servicing fee.