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For a large number of consumers who get a mortgage, the decision of how much you will actually pay for the mortgage company to get you a loan resides almost completely with the loan officer.

So it seems that logically, if on average, these loan officers probably work with lenders on a regular basis this means that they can find you the lowest rate with the lowest fees, right?

They will pay the loan officer a base salary and a small bonus amount based on the loan amount, not the total fees on a file. When getting mortgage quotes , if two of the biggest drivers behind how much you will pay for your mortgage to be originated are what type of lender does your loan officer work at and how is your loan officer paid… which one is best? And then listen very carefully to their answer, because understanding what is going on behind the scenes can sometimes make all the difference.

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