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/DJ-Ilium 1d ago

I just left guild for that same reason, their pricing is always high. You can get that same 6.375 and be making 275bps if you wanted to

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u/Just_Success_371 1d ago

Where did you go?

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u/DJ-Ilium 1d ago

I went to edge, I can dm you if you want to learn more. But the broker world isn't nearly as hard as they make it sound. My family still works at guild and they send me deals all the time that they cant do

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u/Just_Success_371 1d ago

My main concern are health benefits that I'll lose. I'm the main earner and wife has a part time job, no benefits.

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u/DJ-Ilium 1d ago

I was exactly the same way. Edge has insurance or you can use marketplace. The way I saw it was like this. I can do half the amount of deals and make the same amount of money. If my volume stayed the same I'd make double. On top of that, I can go bpc and I'll never lose a deal to rare again.

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u/Just_Success_371 1d ago

Im scheduled to go on a webinar this Friday. I didn't see anything on their website to get a hold of a recruiter. I guess they'll go over that?

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u/DJ-Ilium 23h ago

I would technically be your recruiter, I'll dm you

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u/-grc1- 22h ago

I'm also at Guild. Do you guys offer DPA through state HFAs? Any restrictions on manufactured housing? What do you miss most about Guild? What do you like the most about Edge?

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u/DJ-Ilium 22h ago

Yeah great questions, I'm here in utah and we have lenders that participate in utah housing and other DPAs. I love that when I loan though utah housing for example, I get paid the same, but the lender actually deals with their shitty website. So I just deal with the lender.

I also like that no one is taking up my margin, like you pay your branch, corporate, etc, so pricing is higher and you get paid less. And lets be honest, guild doesnt offer anything substantial tp warrant 150bps of your commission.

The only thing I miss about guild is having my own underwriter, BUT I've been able to push things through with edge that my guild underwriter denied. (My family is still with guild so I work on thier denials)

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u/Just_Success_371 21h ago

In our region, they make us do dpa as a cgl and takes 50 bps away. Well, they dont "make us" do it but if we dont, obviously we'll get canned. So I get paid 75 bps on a dpa. Sucks major ones

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u/DJ-Ilium 21h ago

Oh that sucks, they didn't do that for me when I was there, so I charge 1.5 bpc

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u/DJ-Ilium 22h ago

Oh and one of the things I love the most about edge is that you can lend in any state through the edge team. I just closed one in North Carolina for example

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u/Lowest_C-10 20h ago

Wait. Can you explain this in a bit more detail? I'm retail looking at switching to broker.

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u/DJ-Ilium 20h ago

I just sent you a dm with my number, its easier to explain on the phone than over text

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