Which Mortgage Company Has The “Best” Compensation Plan for Loan Officers?

With so many loan officer compensation plans in the market ranging from $500 per closed loan to 300 basis points on closed loan volume, how do you know which one is best for you? If you focus solely on which company pays the highest basis points, you may be making a big mistake. When determining which mortgage company has the “best” compensation plan for you, focus on the following two questions: Which company will be best for you financially? While your W-2 income is primary, the benefits provided can be significant and should be considered. Which company will be best for your long-term business and career goals? The top ten factors to evaluate that affect how much money you will earn are:

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