October 24, 2017 - 11:25am
#1
We are looking to see if anyone would be willing to share how their credit union has structured MLO commission. MLO’s here get paid a base salary and then receive a certain percentage of commission based on the loan amount. The percentage is the same if it’s an inhouse refinance, purchase/ new loan, a refinance from another financial, etc. If anyone is willing to share we would appreciate it.
