What is a Modex Score?
A Modex Score is a proprietary performance indicator into the profitability of a loan officer in their area of business.
Using a scale of 0 to 100, a Modex Score looks at the profitability of a loan officer against their peers in their geographic area. To generate a fair score, we look at loan officers in nearby geographic areas. A Modex Score takes several months of loan volume, professional experience, regulatory action, and a variety of other factors into account. Modex Scores are generated on a monthly basis.
The Modex Score is a great indicator of a loan officer's productivity and profitability. For recruiters, it's a useful metric in determining how that loan officer may preform in your organization.