“If you’re not making $1M this year as a loan officer, you’re grossly incompetent:” Mortgage lenders sense a new gold rush

Trust mortgage lenders to see opportunity in a global epidemic. A drop in interest rates following the coronavirus outbreak is hastening a hiring spree across the mortgage industry, with some of the nation’s biggest lenders anticipating a bumper year of refinancings and new home loans. Monday was the busiest day for mortgage applications in the 35-year history of Quicken Loans, CEO Jay Farner told Bloomberg. The frenzy for loans is setting off a war for

source https://therealdeal.com/2020/03/05/if-youre-not-making-1m-this-year-as-a-loan-officer-youre-grossly-incompetent-mortgage-lenders-sense-a-new-gold-rush/