What is the mortgage industry average yield spread?
I am a mortgage loan originator and am setting up a marketing plan with some preferred customers. I am waiving my standard 1% origination fee and want to convince my prospects that I will not attempt to make that percent up in yeild spread. So I need some documentation that proves my usual 2% on the back is well within industry norms. Anyone know where to find this kind of info?
Asked By: petemc67 - 5/11/2006
Best Answer - Chosen by Asker
I've found that you're better off giving them the control. Tell them that as a preferred customer you will charge 2 points. They can take that as front points or ysp. They decide. The other guy is right, you won't find the documentation you're looking for... More
Answered By: Kevin B - 5/11/2006
Additional Answers (2)
the average points to either the lender or the originator are not "out there" for everyone to see. You may want to contact your state agency in charge of lending and determining RESPA guidelines to find out how much you can receive in Yield or points, but in FLA and GA where I have done wholesale loans, 2% on the back... More
Answered By: jmadams74 - 5/11/2006
I am a mortgage loan originator of many years. I do not understand why this has become a subject of discussion. When you buy your car, does the car dealer discuss his profit margin, and then proceed to negotiate it with you? When you get a contract for home improvement does your contractor discuss his profit margin... More
Answered By: FinanceMan - 5/11/2006
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
Free for Job Listers and Job Seekers!
Jobs hiring now near your local area. Find a job and apply now.
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.