Hello all!

I'm new to the business of R/E and Mortgage and has decided to start off as a P/T. I haven't done much besides from doing open houses for some of the agents i know.

Recently, I have just started working as a loan processor at a company to help pay for the bill. My question is, are LPs getting paid purely with base commission, or are there bonuses on top of every loan processed(as i have heard in some cases)? Also, what is the average pay for a new LP in the business?

I love what i get to learn working at this job, but also wants to get a feel for what's out there.

All inputs are well appreciated!

Steve

LPs have gotten a salary with a small bonus for every loan closed at every company I've worked at. Currently, we pay our processor $250 a week and $150 for every loan that closes.
He seems to be happy with the way his pay is structured.

I hate to say this, but Maine isn't nice having a guy process the loans? I used to have a female processor and she would get so emotionally overwhelmed at all the files, and she would freak out on AE's and banks and seriously hurt our reputation. Guys just don't seem to care as much and therefore seem to keep a more level head when extremely busy.

Go ahead and start telling me what sexist [censored] I am and so on, but this is just in my experience.

OMG so many possibilites . . .

But I will just say that my processor is female & she is a phenom. Super efficient, knows every nook & cranny of this biz & absolutely unflappable.

But it's prolly just b/c I am so much nicer to work with . . .

True.. True...