General World News

Loan officers made insane money in Q4 2020

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years.

Total funded loan volume by loan officers in Q4 2020 increased 106% from the fourth quarter of 2019, a data analysis by the software firm found.

To handle all that volume, lenders and broker shops grew LO headcount by 27% year-over-year. Even with more LOs battling for all those sweet details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com