If you are a real estate professional, getting your Mortgage Loan Originator License can be the best thing for your business. Imagine being able to not only help people find the house they want to buy but also being able to give them the mortgage assistance they need. You'll have customers for life!

How much does a MLO make per loan?

Loan officers are the main point of contact for borrowers throughout the mortgage application process at almost every mortgage lender. That's an important job, right? In return for this service, the typical loan officer is paid 1% of the loan amount in commission. On a $500,000 loan, that's a commission of $5,000.

Is mortgage lender a good career?

Mortgage lenders generally make good money. Though some are on a flat salary, most make the bulk of their income on commissions. The low end hovers around $35,000 annually, while median pay is about $60,000. ... If you have the right temperament for the job, mortgage lending can be an incredibly rewarding career path.