SIX FIGURE INCOME
Loan origination is a gratifying independent career. Unlike many other businesses, a loan originator working part-time can earn a hefty commission from closing just one loan transaction. For example, a LO’s commission from closing one loan of $350,000 can be more than $5,250.
Easily said but not easily achieved because the mortgage business is highly competitive and cyclical. Lending guidelines and requirements are complex. What sets apart a top producer is knowledge and experience.