I am new to the mortgage processing role and am receiving an hourly rate without commission or incentives. I have heard that many processors get commission on the loans they process and I am looking for advice if this is an industry standard as well as amounts of commission per loan file.

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Posting as :
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I have seen both setups depending on the company. Some offer only hourly, others add a small bonus or commission per loan closed. It is not always industry standard but it is common enough. Have you had a chance to ask if incentives could be added after a probation period? That happens sometimes too.

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My 90 day probation period is up in Mid-May and I wanted to prepare myself to bring this topic to the table during that conversation. I have heard that other processors so receive an incentive in the company. I raised the question to try and educateyself as I am still new to this industry

I'm curious did they train you for this role? I have 3 years of experience as a senior loan processor in automotive finance. But there aren't any jobs available in that field. I see alot of mortgage processor jobs. They all mention needing experience in mortgage and this certification and that certification. What company are you working for?

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