>> The Fifth Annual Survey of Originators' Opinions, by Hammerhouse LLC, Mission Viejo, California, found that regulatory concerns have regained the top spot of identified sources of concern by originators.
Of the more than 800 active mortgage originators surveyed, 56 percent said regulatory issues were their primary concern. The surveyed originators agreed that marketing was their "best personal investment." Even so, the survey found that 64 percent of those surveyed spend less than $500 per month on marketing.
Not surprisingly in a tough year for production volume, only 7 percent of those surveyed said they had exceeded their production goals for 2014. More than half (53 percent) said they had missed their goal by 25 percent or more.
This year's survey results show that a majority of mortgage originators (56 percent) are finding their career less rewarding than in the past. Another 8 percent said they no longer find their career "sufficiently rewarding," according to Hammerhouse.
In a press release announcing the findings, Hammerhouse Managing Director Drew Waterhouse said, "Mortgage loan originators have been operating in a very difficult environment over the past several years and it should not come as a surprise that their level of satisfaction with their...