Home » Career Placement » LO Comp and base pay » Reply To: LO Comp and base pay
August 29, 2022 at 9:22 am #9158
The standard for those that are 100% self-sourced and earn 90-150 bps) is hourly netted against commission. But…I have seen it all:
– Salary ($36k – $48k) + bps (usually only 25-40bps) – Usually saved for banks and credit unions
– Salary ($52k – $60k) + small per file bonus based on locks and/or fundings – Usually for consumer direct channels
– $2k per month non-recoverable + 75bps – 100 bps (select self-sourced mortgage operations)
I hope this helps. Good luck out there!