How much commission does a loan officer make?

Loan officers and brokers are usually paid a loan-specific fee or commission, paid either by the borrower or by the lender. Federal law prohibits commissions from varying based on the terms of the mortgage, but a lender may pay a salary, a fixed amount per loan, a fixed percentage of the loan amount, or a combination. Commissions commonly run about 1% to 2% of the loan amount.

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