How Loan Officers Make Money? Comp plans, BPS, rate sheets, and salaries?

If you're considering becoming a loan officer, or are learning about the home buying process and wondered, "how do loan officers get paid?" In this video, we quickly explain the ways loan officers get compensated.

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0:00 - Start
0:34 - The 3 ways loan officers get paid.
0:43 - Flat fee loan officers
1:22 - Basis Points (Bps)
2:54 - Mortgage Brokers
3:22 - Salary loan officers
4:01 - Outro