Mortgage Loan Originator Compensation Plan
This compensation plan required a significant amount of analysis to provide a fair plan to the MLO and at the same time provide a profitable structure for our institution. This plan will have to be tailored to each specific institution as compensation amounts will vary as well as volume expectations. The structure is there which should allow for a nominal amount of time to make it fit for you. The level of compensation may need to be adjusted to fit your expected yield on loans originated.
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- over $1 billion in assets