How can I calculate my expected earnings as a mortgage broker?

Broker compensation is typically a commission of 1% to 2% of the loan amount, paid by the borrower or the lender but not both. To estimate earnings, multiply your expected loan volume by your commission rate, then subtract business expenses such as surety bond premiums and state licensing fees. For reference, the median annual wage for loan officers was $76,690 in May 2025, per the U.S. Bureau of Labor Statistics.

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