anyone check out the wsj article on controlling pay in the mortgage business?

Couldnt copy and paste the link in the body so its in the header

http://online.wsj.com/article/SB124215896684211987.html

I doubt much will come of this.  It appears to be aimed more toward the executives and not so much toward originators.  Even if it hit the front lines, I think you would see something akin to the compensation that an insurance agent receives when you renew your coverage, just that you would get paid for each month/year the mortgage is in place. 

That's good to hear

Interested to see what happens in the next couple of months.  Was on a confrence call with the new CEO of PNC/Nat City and they are in the process of buliding to massive underwriting/processing centers.  One in Pitt and one in Chicago that will be 24 hr around the clock and are claiming we will have loan commitment on files within 5 days

-

It isn't a bad idea. Amrtizing commission payouts probably won't change much in terms of ethics however, it will keep people in the business longer. Almost like the insurance business. 

Here is an interesting article on how loan officers get paid:

http://www.bankapedia.com/mortgage-encyclopedia/faqs/383-how-much-in-fees-should-i-expect-to-pay-for-a-mortgage