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Absolutely still writing loans under 100k and still writing the complex loans as well. I dont care what the size of the loan is in the least. I have a couple 75k's in the pipeline right now and last week one of them had their cousin call me who wanted to refi her $400,000 mortgage. You turn away someone because their loan is "too small" and you might turn away more than you think.
I agree with Thomas but just to add my 2 cents...While a loan officer may decide not to do a certain loan because the income may be lower on that loan, A lot of companies have bonuses/increased comp for the number of loans funded in a month. so, doing 1 or 2 smaller loans may get a loan officer extra bps on all of their other files. I don't think people will have trouble finding a lender to do their smaller loans.
The recent changes that have been made regarding compensation don't keep lenders from being able to provide a mortgage to a borrower because their isn't sufficient payment to cover writing those loans.What has changed is how the loan officer can be compensated and what criteria his/her compensation can be based on. This may result in loan officers no longer chosing someone as a client because they can't make as much money in that transaction.
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