Loan Officer Pay Structure

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Posted on October 25, 2018 at 20:04 PM

Reviewed by on Tuesday November 20 2018 Admin 3 out of 4 based on 256 user ratings
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You can Hear Or Save This Videos Loan Originator Compensation - Introduction

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How Is Your Loan Officer Paid? - Zillow Porchlight
How is your loan officer paid If Your Loan Officer Works For A Mortgage Bank or Mortgage Broker For loan officers who work at mortgage banks (also sometimes referred to as “correspondent lenders”) or mortgage brokers , the vast majority of them are paid on straight commission.
Loan Officer Compensation Rules Finalized
The loan officer or broker can be compensated by way of other models such as on the number or size of loans or the aggregate dollar volume of loans written within a stated time period.
5 reasons why loan officer commission is bulls#!t | Better ...
In return for this service, the typical loan officer is paid 1% of the loan amount in commission. On a $500,000 loan, that’s a commission of $5,000. Many banks pass this cost through to consumers by charging higher interest rates and origination fees.

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