Mortgage bankers are fleeing Bank of America due to call quotas, cross-selling mandates, and a pay overhaul

<p><img src="https://static1.businessinsider.com/image/60b11ecbbee0fc0019d5a42e-2400/gettyimages-158369066.jpg" border="0" alt="Brian Moynihan" data-mce-source="Win McNamee/Getty Images" data-mce-caption="WASHINGTON, DC - DECEMBER 14: Bank of America CEO Brian Moynihan speaks at the Brookings Institution December 14, 2012 in Washington, DC. Moynihan spoke on the topic of 'The Future of Homeownership in the United States.' (Photo by Win McNamee/Getty Images)"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>Bank of America is facing an <a href="https://www.businessinsider.com/bank-of-america-mortgage-business-salespeople-quitting-attrition-lender-ranking-2021-5'4=bankofamerica-teaser">exodus in its mortgage business</a>.&nbsp;</p><p>Dozens of people have quit this year, according to four current and former mortgage bankers, with two of them suggesting the resignations have now climbed above 100. More departures are expected at the end of June, when the bank pays out its next quarterly bonuses, one of the people, who has spoken with colleagues about it, said.&nbsp;</p><p>The salespeople are leaving because they're frustrated over a series of changes the bank made to its mortgage policies that have made it harder for some salespeople to make money and increased concerns about corporate surveillance, the people said. Meanwhile, Bank of America has fallen several notches in the ranks of the biggest home-loan originators</p><h1><a href="https://www.businessinsider.com/bank-of-america-mortgage-business-salespeople-quitting-attrition-lender-ranking-2021-5'4=bankofamerica-teaser">SUBSCRIBE TO READ THE FULL STORY: Bank of America's mortgage bankers are quitting in frustration over call quotas, cross-selling mandates, and a new compensation scheme that shortchanges top producers</a></h1><p><a href="https://www.businessinsider.com/bank-of-america-mortgage-quotas-salespeople-quitting-attrition-lender-ranking-2021-5#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/where-run-hide-earthquake-occurs-2017-6">Where you should go to stay safe during an earthquake</a></p>
Click here to read full news..