How much does a loan officer make per loan?

It depends on the employer's pay plan. A lender can pay a loan officer a salary, a fixed amount per loan, a fixed percentage of the loan amount, or a combination, and it can set minimums or maximums per loan. Commission-based originators commonly earn 1% to 2% of the loan amount, often split with their broker. Federal law prohibits compensation from varying based on the terms of the mortgage, such as the rate.

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