How do Mortgage loan officers make their money?

Question by Bri up: How do Mortgage loan officers make their money?
I’m getting a mortgage loan through a mortgage company but the guy that is giving me the loan seems a little bit to excited. How much money is he making off of the loan of 170,000 and what should I look out for?

Best answer:

Answer by healthspot_2000
We are on commission only. He is making 1% on the front which is the origination which equals 1700, if he is not making any money in the rate (on the hinder) more than likely he will make more money on the front (in the origination fee)

Give your answer to this question below!