Loan Officers, Loan Originator Career, MLO Education, MLO's, Mortgage Industry, Mortgage Loan Originators
How do MLO’s make Money?
How You Can Expect to be Paid as a Mortgage Loan Officer Before we explain how Mortgage Loan Officers (MLOs) are paid, let’s check out what you stand to earn as an MLO. Not only do Mortgage Loan Officers enjoy excellent job security, but their annual income varies depending on how many hours they dedicate to working, the mortgage rates in their area, and their commission agreement. In other words, MLOs have the unique ability to earn a hefty paycheck. As of 12/7/2021, the average salary of a Mortgage Loan Officer is $73,756 per year before commission. With a near-unlimited earning potential on the horizon, let’s break down the typical pay structure…