2012 Loan Originator Survey
Survey and Analysis of the Nation’s Mortgage Loan Originators
Average loan production for participants in the 2012 Loan Originator Survey was mostly unchanged between 2010 and 2011. But thanks to a robust refinance market, 2012’s business is on pace to jump 40 percent. A small share of surveyed loan officers originate commercial real estate loans.
Annual Mortgage Production
That was a little better than the average $30.46 million closed per originator in 2010.
The industry as a whole, however, saw business drop 10 percent between 2010 and 2011 — indicating that this bunch is generally outperforming their competition.
The group funded an average of $21.65 million in the first six months of 2012. On an annualized basis, that works about to around $43.30 million per average originator this year.
The potential 40 percent gain from 2011 to 2012 would be stronger than the 25 percent year-over-year increase expected for the industry as a whole.
Aggregate Production for Surveyed Group
Using the annualized numbers, the surveyed loan originators are on track to close $6.1 billion in 2012.
Of those who do originate commercial mortgages, average CRE loan production was $11.3 million in 2011.
Stories about commercial lending on multifamily, office, retail and industrial properties.