How much commission does a loan officer make on a single loan?

Loan officers and mortgage brokers are usually paid a commission of 1% to 2% of the loan amount, commonly split with the broker or employer that sponsors them. Federal law prohibits compensation from varying based on the terms of the mortgage, such as the interest rate, though a fixed percentage of the loan amount is permitted.

Interested in getting your MLO license?

Our MLO pre-licensing courses are the fastest and most affordable way to get started.

Find your course