Internet No Threat to Mortgage Borkers Comp. Yet.

Paul Dorf, managing director of Upper Saddle River, N.J., -based Compensation Resources Inc., said that internet stock trading has had a negative effect on the industry's broker compensation.

"Looking at the compensation numbers you see year to year, the end-of-1998 bonuses that were paid in January, the numbers are down from what they were in 1997." Dorf said.

Both Dorf and Nuss acknowledge that unlike stock trading, the Internet may not allow a borrower to eliminate the mortgage broker from the loan seeking process completely.