I have a large database of loan officers. Recently, I’ve received dozens upon dozens of email updates where loan officers have changed companies.
While I know that margins are down and expenses for compliance have increased substantially, changes in compensation packages are NOT the only reason that many LO’s are moving around.
So, I posted the question on Facebook asking the reasons this has been happening lately, and here’s a compiled list of what they said.
This article also contains a 10-page “Company Interview and Evaluation Checklist” to download and use to compare up to 4 companies if you are thinking of making a move.
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