Simply how much Does a Loan Officer Make an hour or so?

Simply how much Does a Loan Officer Make an hour or so?

  • Some loan officers are compensated hourly
  • When they just work at big banks that are retail
  • However, many are compensated commission-only
  • Which you yourself can digest into hourly wages at year-end

As noted, MLOs are generally perhaps perhaps maybe not compensated hourly, and so are rather compensated payment when it comes to loans they generate and fund.

This implies total payment can range considerably in line with the product sales performance associated with loan officer at issue. [Read more…]