Get Your Mortgage Rate Quote in Just 30 Seconds

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below.

2011 Loan Originator Survey – Executive Summary

2011 Loan Originator Survey

Survey and analysis of the nation’s top-producing mortgage loan officers

Sponsored By
www.ezratequotes.comwww.mtginfo.comwww.mortech-inc.comwww.mortgagevco.comwww.motivitysolutions.com

Executive Summary

Even in a difficult mortgage market, some loan officers are generating a high volume of mortgage originations.

Mortgage Daily, which has been covering home-loan production since 1999, examines in this report the practices and services used by high-producing loan officers.

In the survey, conducted in July 2011, originators who are truly “the best of the best” were asked more than 50 questions.

These originators achieved average annual originations of more than $70 million. Each has been recognized as a top originator in the country.

A quarter of the group earned annual income of more than $350,000.

The survey generated in-depth details about the demographics of today’s top producers and the firms where they work.

The study also uncovered information about which business development activities the “best of the best” devote their attention to while leaving the rest to highly capable assistants and loan processors.

The top producers ranked which elements of customer satisfaction are most important and which seem to have the least impact. Three actions were identified as the most important.

An overwhelming share of the respondents voiced concerns over requirements for mortgage compliance and regulation.

The impact of social media as well as its effectiveness is also discussed.

The originators listed the most important factors in choosing a service provider and let on about which providers are most-used for loan origination systems, pricing engines and mortgage news.

Armed with the information from this survey, loan originators can identify key principles used by top producers.

Mortgage executives can use the insight to develop strategies for their firms that will support current originators and develop the next generation of talent.

Individuals and firms that successfully implement those strategies will succeed in an environment that demands efficient marketing, regulatory compliance and high-volume processing.

Popular posts

7 Refinance Strategies
7 Refinance Strategies

Refinance to a lower interest rate: If interest rates have dropped since you took out your original mortgage, refinancing to a lower rate can help you save money on your monthly payments and reduce the overall cost of your loan. Refinance to a shorter loan term:...

7 Refinance Strategies
Is Refinancing With Your Present Lender Preferable?

Do Not Accept the First Refinancing Offer You Receive Homeowners should not accept the first refinancing rate provided to them. This is particularly important if you are applying with your existing lender. Some mortgage lenders have mechanisms in place that prioritize...

Newsletter

Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts

Fannie Mae Profile

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC...

THE TRUSTED PROVIDER OF ACCURATE RATES AND FINANCIAL INFORMATION