How Do Mortgage Brokers Make Money This Is How

How Do Mortgage Brokers Make Money How do mortgage brokers make money was a question I was asking a few years back. I ended up being a mortgage broker for about 10 years. I did really well and made great money. Once I found out how mortgage brokers make money and how much they could make I got pretty excited. Mortgage brokers make their money in 3 ways. The first way is they get paid an origination fee. This is what the borrower pays to have the loan done. Then you get a yield spread premium. This is the money the lenders pays you based on the rate. The higher the rate the more yield spread premium you make. Then you split fee with other loan originators that work for you. The more originators that work for you the more fees you get. Let me take you in a different direction. Sounds like you might be just starting your search if youre looking for how do mortgage brokers make money. I left the mortgage business after the mo