Very High Fees and Low Profit for Loan Officers - Loan Officer Obsidian Financial Services Employee Review

We do charge $1495 UW and $895 processing and on correspondent loans this standard for the industry. We only charge $495 for processing on broker loans, and whatever the lender is you submit to, they charge the UW fee. This only applies to correspondent loans and we don't charge the loan officer, we charge the borrower. If you really have seen hundreds on closing disclosure then you would know we are competitive with our pricing. If the LO would like to make 2-25% then set your compensation up that way. We allow you to set your compensation to whatever you want on each deal. If you want your deal to be 3.00% Lender Comp, no problem set it there, that is ON YOU, not us. NO WE DONT SUPPLY LEADS, we keep our pricing so low that you can make the money and not us.