In my latest guest blog for National Mortgage Professional magazine, I wrote about how loan agents measure their own performance in four main ways: total loan volume closed, total units closed, total purchase loans closed, and total commissions earned.
Whichever model a loan agent chooses dictates how much their business model caters to the consumer versus their own earnings. So it’s worth a look for people trying to identify good mortgage advisors. If you understand how a loan agent thinks, you can ask the right questions and determine if they’re in it for you or in it for themselves. Here’s the story.