is anybody a mortgage loan processor?

Question

how much do you make? salary plus commission? just salary?

Answer 1

i made $9/hr +$50 for every loan that closed, if i had just taken commission only, i would have gotten $350 for each loan i processed that closed. this was for a small mortgage company in a smalll town, so i'm sure the pay rate varies from area to area.

Answer 2

I worked as a processor at DiTech.com a couple years back during the refi boom and was making minimum wage plus commission. Commissions where paid on a teir basis

0-19 loans = $0.00/loan
20-29 loans = 250/loan
30-39 loans = 300/loan
40-49 loans = 350/loan
50-59 loans = 400/loan

you where maxed out at 400/loan.

My personal best month I closed 79 loans. I recieved a bonus as well and ended up making a little over 35k that month. I worked 16 hours a day, 7 days a week. We where sleeping under our desks, drinking heinekins, having food catered, it was really a blast!

Answer 3

I was up until about a year ago. I made about $22.00 an hour plus overtime which you can go on ahead and consider that will be working that. Also I received commissions too, you make good money but you will have to work hard. Most companies pay processors pretty well. In my opinion they have the hardest job in our line of work. By the way I am in Dallas so the cost of living might be different where you are.

Answer 4

well i am a loan officer.
but we have processors in our office.
im in houston, texas if you need help email me.

Answer 5

no, but my father in law is. He is in Iowa. Let me know if you need his email.

Answer 6

yes.

Answer 7

no