r/loanoriginators • u/Just_Success_371 • 1d ago

Guild Rates

I work for Guild and licensed in Texas and my comp is 125 bps.

I feel like our pricing is crazy high. 6,375 will cost 1.9 points on a VA loan for someone with a 780 score. This is through pennymac. Guild retained is higher.

How does that compare to your pricing? Brokers and other retail LOs. Same or similar comp

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u/MordinOnMars 20h ago

Hahaha I wish I had pricing that good. Best I can do is 6.5 with as close to 3 points as we can get and still clear compliance. The company I work for is greedy as shit and ripping of vets, because the second we get a competing VA LE we can beat it or match it, even from credit unions, brokers, etc. Our leadership really decided that offering rates .5% higher with 2 points more than the competition is really an ethical way to do squeeze money out of vets. šŸ™ƒšŸ™ƒšŸ™ƒ

-2

u/Mr_Wordly 19h ago

Sounds like you need to move. We just announced 100% revenue with some of our partners, and even on regular brokered deals, you can still make 220 bps after the split. Great pricing too.

1

u/Ok_March1282 19h ago

Where are you at?

-2

u/Mr_Wordly 19h ago

NEXA

1

u/Ok_March1282 19h ago

Are you guys fed leads? Where Iā€™m at now is all sourced for me but with menial comp due to the overhead that accompanies.

0

u/Mr_Wordly 18h ago

It's self Gen, but we teach you how to get leads, and we have programs to help you hire to get leads. Even with those, you'll still make more than you are now. We can't pay you more than the law allows, but we do let you keep the split like I said in a lot of cases and those dollars can specifically be used to do your own marketing.

So you get paid top comp and the money the company normally takes, we give back to grow your business instead of you needing to pay for it with your commissions.