See How Much More You Could Earn at Smart Home Lending
More income. More control. More freedom to build your business your way! Our LO Compensation Calculator is for demonstration purposes only and may not reflect actual numbers for your specific scenario. Contact us and we will walk you through the best possible compensation for you!
Your annual comp advantage with us
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Monthly Compensation Comparison
Your Current Comp
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Our Comp Package
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Yearly Compensation Comparison
Your Current Comp
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Our Comp Package
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Detailed Compensation Breakdown
Your Current Compensation
Commission Structure
Monthly Gross Compensation
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Yearly Gross Compensation
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Monthly Deductions
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Yearly Deductions
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Monthly Net Compensation
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Yearly Net Compensation
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Our Compensation Package
Commission Structure
Monthly Gross Compensation
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Yearly Gross Compensation
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Monthly Deductions
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Yearly Deductions
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Monthly Net Compensation
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Yearly Net Compensation
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Your Advantage with Us
Additional Monthly Earnings:
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How Compensation is Calculated
Commission Structures
There are three common compensation structures for loan officers:
- Percentage of Volume: You earn a percentage of your total monthly loan volume
- Fee Per Loan: You earn a fixed fee for each loan you close
- Fee Plus Percentage: You earn both a fixed fee per loan AND a percentage of your loan volume
- Gross Compensation: Your total earnings based on your commission structure before any deductions
- Deductions: Fixed monthly amounts or percentages deducted from your gross (such as desk fees, marketing costs, etc.)
- Net Compensation: Your take-home pay after deductions (Gross - Deductions)
- Average monthly loan volume
- Monthly loan count
- Current compensation structure details
- Any applicable deductions
