Calculate your earnings per loan and project monthly income
| Period | Loans | Gross | Your Earnings |
|---|---|---|---|
| Monthly | 4 | $14,000 | $8,400 |
| Quarterly | 12 | $42,000 | $25,200 |
| Annual | 48 | $168,000 | $100,800 |
LendLinker helps mortgage lenders receive real-time referral notifications from Facebook groups. Get notified instantly when someone needs a loan.
Start free trialLoan officer commission typically ranges from 0.5% to 2.5% of the loan amount (50-250 basis points). On a $400,000 loan at 100 basis points (1%), a loan officer would earn $4,000 before any company split. After a typical 50-70% split, take-home would be $2,000-$2,800.
A basis point (bps) is 1/100th of a percent (0.01%). So 100 basis points equals 1% of the loan amount. Loan officers typically earn between 50-250 basis points per loan, depending on their agreement and loan type.
Loan officer splits typically range from 40% to 80%, depending on experience, production volume, and company structure. New LOs might start at 40-50%, while top producers can negotiate 70-80% or higher. Some companies offer tiered splits based on monthly volume.
Key strategies include: increasing your lead flow and conversion rate, focusing on larger loan amounts (jumbo loans), negotiating a better split based on production, building referral relationships with real estate agents, and using lead generation tools like LendLinker to find more prospects.
Most loan officers are paid primarily on commission, though compensation structures vary. Some receive a base salary plus commission, while others are 100% commission-based. Commission-only positions typically offer higher earning potential but more income variability.