[Gustan Cho]

One of my friends and former business colleague who used to work at NEXA and now works for a different mortgage brokerage did a price comparison on rates between NEXA and the other mortgage brokerage. They are on a 250 compensation plan with the wholesale lender. At NEXA we are at 2.75% yield spread compensation plan. When comparing rates, NEXA’s rates were lower than the other brokerage even though our comp plan at NEXA was higher. I heared that NEXA has volume preferred pricing versus other mortgage brokerage.

https://gustancho.com/yield-spread-premium/

gustancho.com

Yield Spread Premium Charged By Mortgage Brokers

The maximum Yield Spread Premium mortgage brokers can make is 2.75% whereas mortgage bankers are exempt and have no cap