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MLO Compensation & Pay Structure
Build your mortgage career with a company that values transparency, support, and growth.
At Mission San Jose Mortgage (MSJ), we believe in rewarding performance, supporting our Loan Officers with powerful technology, and providing clear, fair policies. Whether you’re an experienced MLO or just starting your career, we offer one simple structure designed to help you grow and succeed.
MLO Compensation Structure
| Loan Amount | MLO Compensation |
|---|---|
| $0 – $500,000 | 1.75% (175 bps) |
| $500,001 – $1,000,000 | 2.00% (200 bps) |
| $1,000,001 – $2,000,000 | 2.25% (225 bps) |
| $2,000,001 + | 2.50% (250 bps) |
Note: Your compensation rate increases as your total funded loan volume within a year grows. This rewards consistent production and long-term success.
Example
If your total funded volume for the year reaches more than $500,000,
your compensation
rate automatically increases to 2.00% for all future loans funded in that same calendar
year.
If your yearly volume later exceeds to more than $1 million, your compensation moves
up to 2.25% for the remainder of the year.
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Key Points
Tiers are calculated based on annual total funded volume, not per loan. Compensation tier resets at the beginning of each calendar year. Reverse, and Commercial loans are compensated at 75% of your applicable tier rate. No Retro Adjustment: Once a loan funds, the compensation rate for that loan is final. If the company’s minimum 275 bps margin is not collected, the shortfall will be deducted from MLO compensation.
Sign-Up Fees & Charges:
Sign-Up Fee: $495 (one-time, reimbursable upon closing two loans within 12 months). Technology Fee: $100/month per MLO. Processing Fee: $895 per loan, deducted at funding.
Grow Your Career with MSJ Mortgage: We’re more than a brokerage. We’re a platform built for your success. From our all-in-one technology suite (1smtg.com) to our transparent compensation and mentorship programs, Mission San Jose Mortgage empowers MLOs to achieve more.