How many hours do loan officers usually work, and whats there pay?

Answer 1

The mortgage business is a "feast or famine" type of business. When times are hot and interest rates low, a loan officer can work many hours. When things are slow, well, they work less of course.

Depending on where you live, a loan officer can make big bucks if they work in a brokerage firm, in a bank, they make less. I know an agent who made close to $500K per year in a major city working for a broker.