How much do loan officers make per loan?

In return for this service, the typical loan officer is paid 1% of the loan amount in commission. On a $500,000 loan, that’s a commission of $5,000. Many banks pass this cost through to consumers by charging higher interest rates and origination fees.

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Accordingly, do loan officers work from home?

Loan Officers work from home more in today’s work environment than ever before. However, it is vital that you find a company that not only allows remote work but encourages a work-from-home lifestyle. … This will set you up for a fulfilling career as a remote loan officer.

Also to know is, how hard is the MLO exam? How difficult is the NMLS SAFE Act exam? Passing the exam is not easy… in fact, according to NMLS SAFE test passing rate, the first time pass rate is 54%, and only 46.7% for subsequent attempts. … If an individual fails the test, they have to wait 30 days before being eligible to retake the exam.

Besides, how long has supreme Lending been around?


BBB File Opened: 2/4/2002
Years in Business: 24
Business Started: 1/21/1997
Business Started Locally: 1/21/1997
Business Incorporated: 1/21/1997 in TX, USA

How many locations does supreme lending have?

Our experienced team of mortgage professionals can help you get a home loan in any of our 350+ branches across the United States.

Is Supreme Lending a direct lender?

Supreme Lending, headquartered in Dallas, Texas, is currently a Top 25 mortgage originator. … Supreme Lending did $3.5 billion in volume in 2013 and is a direct lender/seller/servicer for Fannie Mae, Freddie Mac, and soon to be Ginnie Mae.

Is Supreme Lending a good company to work for?

Great Company to Work For

The team at Supreme is seasoned and professional. As a mortgage lender, the Company has all the tools needed to be successful. Employee engagement is a priority here. The culture supports a strong work ethic.

Is Supreme lending a mortgage company?

Supreme Lending is a Dallas-based, nationwide mortgage lender. | NMLS #2129.

Is Supreme Lending hiring?

Is Supreme Lending hiring now? Yes, Supreme Lending has 118 open jobs.

Is Supreme loan legit?

Supreme Lending Reviews

Over at Zillow, Supreme Lending has a really impressive 4.97-star rating out of 5 from over 7,000 customer reviews. … While they aren’t an accredited business with the Better Business Bureau, they do hold a coveted ‘A+’ rating based on customer complaint history.

What is a subprime bank?

Subprime lenders are creditors who offer loans to individuals who do not qualify for loans by traditional lenders. By definition, these subprime borrowers have below-average credit ratings and are therefore presumed to be at greater risk of defaulting on their loans.

What kind of company is supreme lending?

mortgage lender

Who owns Supreme Lending?

Scott Everett

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