Nonbank mortgage-banking profitability models have been much more aggressive than their mortgage bank competition when it comes to paying their loan originators. But many question how nonbanks can afford to pay 100 basis points more than banks. During a recent webinar sponsored by Inside Mortgage Finance, Paul Hindman, managing director of Grid Origination Services, suggested it has to do with “efficiency execution with every step of the mortgage origination.” And which companies are doing this? “Those companies that really can afford to offer this level of compensation and still be profitable,” he added. That being said, there are varying qualifiers that must be satisfied in order to justify paying a higher commission. Hindman spelled out the typical components of loan ...