Does anyone know what a loan officer at any large home builder makes? (ex. DR Horton, Lennar, Pulte) On Glassdoor it is around 200k? Does this sound right?

like
Posting as :
works at
You are currently posting as works at

1% seems to be the industry standard and it depends on the volume of your prospective division. DHI has a capture rate of 85%+ because their BFC is 1.5-2% lower than the national average interest rates and that gives buyers more buying power. If you ask what their sales last year were and their average home price is now, you can estimate a minimum.

like

The division I would be in has closed around 300 houses so far this year. The average price is 275k.

like

Yes it’s very possible to make this but typically in a refi heavy (low rate) environment. I’d say right now with rates much higher there’s less demand as well as less supply so it’s tougher to be consistent. The real estate market is great when it’s hot but very tough when it’s not.

like

200k for a loan officer?? I work with banks but apparently I'm in the wrong business.

like

Related Posts

Is it worth making the time/money investment to make the switch from big 4 FDD to MBB. This would require getting into and paying for a top MBA program and my net worth would be way negative after that. Are the MBB financial returns worth it? Im 26 years old for reference

like
like

Let’s finish this up strong! What are your year-end self development plans?!
We have our last session of the year of our group/guest financial education cycles at our Downtown Toronto office this Saturday. We go through our first financial education session that we talk about basic to higher level of financial information; from saving, investing, risks and returns, registered accounts, etc. There is no cost and no obligation. If you are interested to attend in-person or via Zoom, let me know.

Post Photo
like

Buying a new construction single fam house in PA suburbs. Already Signed the contract and Looking for a lender with lower interest rate. Anyone come across comparable lower IR lenders? Any insight is appreciated! :)

like

What states have a big law market where I can get the most out of my dollar? Also currently work for CA firm, if I move to another state does the state tax rate switch to where I live?

like

Under contract to buy my first home - house hacking a triplex. Property has been leased by the same three tenants for the last 5+ yrs, rents haven’t been raised since they moved in. Market rents have risen 70-100% in the same timeframe. All seem like ideal tenants (retired and take great care of the units) but I’d like advice on how to approach the rent increase conversation. Rents don’t make/break my mortgage payment but I’m leaving a lot on the table if I don’t increase significantly.

like

Leaving firm and thinking about what to do with my 401k. Any reason not to roll it over to my own IRA vs leaving as is or moving to new company 401k?

like

Vanguard Digital Advisor ( 4 ETFs, 0.15% fee) vs HSBC Financial Advisor (15-20 funds, 1.5% fee) which one to go for nest egg growth 100k starting

Anyone have any tips or ideas on how to collect money owed from a client? In a few months it’ll be two years since the debt was incurred. We send monthly reminders of the bill. It’s a significant amount (well to us) and the client is now starting to open up and telling everyone about the situation that we helped to resolve.

like

Anyone heard of the Select Card?

like

Will I be overpaying, if I get a 2017 Lexus RX350 AWD with 49.5 K miles on it for 32K out of door from a dealership near me? This is my first time buying a used car and also anything outside of a Honda. All insights are appreciated.

like

Thoughts on credit funds? Immediate start offer is tempting.

like

What’s a safe level of income to buy (or finance) a boat?
I’m aware they are money pits but want one to fish / get out on the weekends

like

Just starting to invest, should I make an account with Vanguard or Fidelity?

like

My hidden talent is finding houses I love that are way outside my price range.

likefunny

Which bank account is better for salary account?

HDFC
Axis

like

It seems absolutely impossible to catch up to folks who have had a head start on this bull market. Most people I know at 40+ already have multi millions and it’s just going to keep compounding while people making low 100ks struggle to save.

Post Photo
likesmart

Which service(s) do you use and can recommend to send money to India?

Do you find it surprising that more people don't invest in cryptocurrencies ? Especially in the consulting industry

What are the realistic alternatives to coinbase? Fees seem outrageous.

like

More Posts

Please help me with below

My DOJ is 30th Oct22

Post Photo
like

What is a data lake in basic terms?

like

Hi Fishes,
I've got offer from EPAM System and Fiserv. Which one to join in terms of management, appraisal/hikes, benefits and growth? Both are offering similar compensation.

Looking for Devops eng role.
Exp- 1.5 year.
Tech stack- AWS DevOps.
Any lead would be helpful

Hello fishes,
Need 11 likes to enable DM
Please help 🙏🏻
Thank you

like

How many dress shirts and trousers do you recommend I should have? New to this and need advice. Sorry if repost.

“The best minds of my generation are thinking about how to make people click ads” ~ Facebook data founder.

Is it wrong that we idolize FAANG? Should the govt intervene in business and privacy?

like

Does anyone have any good Russian contacts to get the lowdown on these Iowa caucus results?

funnylike

Deloitte India vs Deloitte USI.
Please answer if you have worked for both and have significant first hand experience about the difference in WLB, annual hikes, work culture, any other observations.
I see a lot in of this same discussion but very confusing and repetitive answers.
So would like people with personal experience to answer.
Thanks in advance 😃

Would you tell colleagues and/or bosses to which company you are leaving when you’ve already signed the new contract? If not, why?

like

I got cleared till Google HC for SAP Architect position and but have been put on hold since last 1.5 months. HR says Team is re-evaluating the Head Count. Anyone has any idea what are my options in this case?

I kind of feel that the HR I am talking with isn't that approachable. Is this kind of a norm. In VOIS. I am little hesitant to proceed with accepting the job offer from VOIS due to this.

Is this usually the norm in VOIS, where HR are quiet like this

like

How do you all deal with the guilt of leaving a comany/ team? I have been working at Microsoft for 1 year now, and seriously considering moving. I find the code base to be very legacy and I mostly work on obscure bugs that I spend so much time on, mostly due to navigating this large code base and not having much docs to refer to. Hence I find the job slightly unsatisfying, and that I could learn more elsewhere. However, I love the wlb, the team and company culture. The guilt stops my applying.

like
like

Any companies which do not have 1 year minimum service to take Parental leave?

like
like
like

Agency Idea: The Ginger Group. Redheads only. You should see our Diversity and Inclusion page!

likefunny

Let’s finish this up strong! What are your year-end self development plans?!
We have our last session of the year of our group/guest financial education cycles at our Downtown Toronto office this Saturday. We go through our first financial education session that we talk about basic to higher level of financial information; from saving, investing, risks and returns, registered accounts, etc. There is no cost and no obligation. If you are interested to attend in-person or via Zoom, let me know.

Post Photo
like

Additional Posts in The Real Estate Bowl

Anyone take the WI Real Estate state exam? Any tips on what to study?

like

My assumption is that one makes money in RE with leverage. So, would you never let your equity in any given property get above certain% (I.e re-leverage and invest elsewhere) or would one eventually want to own a property outright?

like

First time home buyer and I have no idea what I can afford. Excellent credit. I know to get a preauthorization before looking but want to skim homes the meantime. Any good rule of thumb when searching?

like

Who is still in denial about a housing correction? The Fed just made another .75% increase. Powell said they won’t stop until inflation is 2%. He also said a recession would be better than the consequences of unchecked inflation. He announced he will bring rates to a “restrictive level” until “the job is done”. He said that labor demand needs to soften (ie: layoffs). He very explicitly said he wants to slash demand and that housing needs a “correction”.

like

Buying a new construction single fam house in PA suburbs. Already Signed the contract and Looking for a lender with lower interest rate. Anyone come across comparable lower IR lenders? Any insight is appreciated! :)

like

Under contract to buy my first home - house hacking a triplex. Property has been leased by the same three tenants for the last 5+ yrs, rents haven’t been raised since they moved in. Market rents have risen 70-100% in the same timeframe. All seem like ideal tenants (retired and take great care of the units) but I’d like advice on how to approach the rent increase conversation. Rents don’t make/break my mortgage payment but I’m leaving a lot on the table if I don’t increase significantly.

like

We are renovating a condo and the previous owner had two Crane toilets (not sure how old, but functioning although seals are old according to our contractor). Back outlet flour mount ones are the only options for the building, and one toilet can cost $300-$500.

We are redoing all the bathroom tiles and walls and debating what we should do with the two toilets. Would resealing the toilets extend the use life? Or should we just replace the toilets? Any other recommendations? TIA!!

like

I’m in Dallas and have been renting for 5 years. I don’t have any savings, but have about 30k in my 401k. Im thinking about leveraging that to buy a condo/or house. Is that a good idea or am I in over my head? I mostly want to, because I’m tired of renting and I’ve read reports that prices will only continue to go up. Although, I will have to pay back the 401k + pay rent, so maybe not a good idea. Advice/resources would be helpful.

like

Better mortgage vs. Rocket mortgage - anyone shopped with both and what swing your decision?

like

Any one knows what’s the easiest way to order a radon test for new construction?

like

Has anyone used Loan Cabin to refinance? They seem to have the best rates.

like

What are some of the things that were a MUST when buying your first home and what were some things that you were more flexible with and why? I’m having a discussion with my partner about what we absolutely need and what can be worked on later.

like

Any Property Management recs in Seattle area? :(

like

Anyone in CA dealing with increased insurance costs on rental properties. AllState just increased my rates by 46% from last year. I had no claims what so ever. I am reading online that several other companies have raised their costs as well and wondering what others are seeing and if there is a preferred insurance provider for you.

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Looking to buy in the DMV suburbs (northern VA). Is this the wrong time for such a move? Beyond down payment, got about 6mo emergency fund and must tap into it for moving&house expenses like furniture

like

How did you decide where to live? Have a young family, working remote, and currently living in a city. Looking to move to the suburbs but a bit overwhelmed with the number of options. Also struggling since we don’t live close to family and don’t like the areas family members currently live in.

like

In process of buying a house, both my surveyor and specialist damp contractor found damp under kitchen tiles (In the grout) & in skirting boards and up one wall. Sellers had work done initially in 2014 on the wall only(with garuntee) & their company has visited and assured there is no damp… what is next best course of action, get another damp specialist to examine independently of other reports? I don’t trust them….. (U.K. Victorian terrace, damp is in the kitchen extension built circa. 15 y/o)

like

What is the term for giving your home buyers a credit for immediate renovations they will have to do before or upon moving in? And how does it affect the seller?

like

I am looking into buying a multi unit (dullex,triplex,quad) in Chicago ideally in Lakeview East/West, Lincoln Park, Wicker Park, Logan Square, Bucktown areas.

This will be my first property and planning on living in one of the units. Downpayment will come from what I have in stock market but wondering if anyone has any models to how to analyze if it would be a good investment property. Would appreciate any help? First in family to get into something like this.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal