Improved Compensation For Loan Officers At The Mortgage Calculator

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Improved Compensation For Loan Officers At The Mortgage Calculator

Jul 14, 2023 | News | 0 comments

Higher compensation for loan officers at The Mortgage Calculator, a correspondent lender specializing in non-QM and investment loans.

As part of its expansion strategy, The Mortgage Calculator, headquartered in Miami, has announced that it will provide raises of up to 250 basis points (bps) to its loan officers. With a workforce of more than 350 loan originators, the company is licensed in six states: Arizona, California, Georgia, Illinois, New Jersey, and Virginia.

In its statement, The Mortgage Calculator expressed that loan originators who join their company will have access to top-notch leads and an array of tools to thrive in the digital realm. The company also highlighted the opportunity for newly licensed loan officers to kick-start their career by leveraging abundant leads and support to close substantial loan amounts in their initial months. With the industry’s highest compensation for loan officers, The Mortgage Calculator emphasizes that there are now even more opportunities for individuals to become part of their team.

Discover the loan officer compensation details in this article.

To facilitate the growth of its loan officer team, The Mortgage Calculator has chosen to concentrate on the correspondent lending channel. In September 2022, the lender separated from its parent company, transitioning into an independent correspondent lender.

Nicholas Hiersche, the President of the company, provided a comprehensive account of The Mortgage Calculator’s journey and its transformational growth. Initially, it started as a humble branch within a prominent bank, where it played a vital role in assisting customers with mortgage calculations and financial planning.

With full control over their business operations, Hiersche and the entire team at The Mortgage Calculator were poised to leverage their expertise and innovation to further enhance their offerings, expand their reach, and solidify their position as a leader in the mortgage industry. The President’s excitement reflected the company’s dedication to delivering exceptional services and shaping the future of mortgage solutions.