Mortgage Loan Officer/Originator
Job Description
Job Title: Mortgage Loan Originator Are you a Retail or Bank LO tired of 90bps caps and 45-day closings? At SIM REI Mortgage, we believe you shouldn't have to choose between the tax stability of a W-2 job and the aggressive compensation of a brokerage.
We offer the best of both worlds: W-2 employment status with a Broker-level compensation plan that rewards your growth.
We provide the processing, the technology, and the lending power (UWM, Kind, Pennymac, etc.).
You provide the origination.
We believe in total transparency.
You know exactly what you make on every file.
Status: W-2 Employee (We handle your payroll taxes—no quarterly 1099 headaches).
Starting Comp: 50% Split (Approx.
130 BPS Net to you).
This is already higher than most retail banks pay their top producers.
Growth Track: Tier 1 ($0–5M Volume): 50% Split (~130 BPS) Tier 2 ($5M–15M Volume): 65% Split (~169 BPS) Tier 3 ($15M–30M Volume): 75% Split (~195 BPS) Tier 4 ($30M Volume): 80% Split (~208 BPS) Pricing Model: We price loans competitively but do have a floor.
In-House Processing: We deduct a small 15bps fee from the gross revenue to provide dedicated processing on your files.
You sell; we chase the conditions.
Top-Tier Tech Stack: Full access to ARIVE (LOS), corporate email, and pricing engines ($65/mo tech fee).
Lender Access: Direct access to the nation's top wholesale lenders (UWM, Kind, Pennymac, etc.) for better rates and 14-day closings.
Who We Are Looking For: Active NMLS License required.
Self-Generated Business: You are a hunter.
You have relationships with Realtors and past clients.
(We provide the systems to nurture them, but you bring the hustle).
Ethical & Compliant: You understand that "Compliance protects the commission." We run a clean shop.
Tech-Capable: You are comfortable working remotely, using Zoom, and managing a digital pipeline.
Why Switch? Most LOs are stuck in a "Retail Trap"—earning 90bps while the company keeps majority.
At SIM REI, we flip the model.
You keep the majority of the revenue because you are the one bringing in the business.
Ready to give yourself a raise? Apply today to schedule a confidential call.
We offer the best of both worlds: W-2 employment status with a Broker-level compensation plan that rewards your growth.
We provide the processing, the technology, and the lending power (UWM, Kind, Pennymac, etc.).
You provide the origination.
We believe in total transparency.
You know exactly what you make on every file.
Status: W-2 Employee (We handle your payroll taxes—no quarterly 1099 headaches).
Starting Comp: 50% Split (Approx.
130 BPS Net to you).
This is already higher than most retail banks pay their top producers.
Growth Track: Tier 1 ($0–5M Volume): 50% Split (~130 BPS) Tier 2 ($5M–15M Volume): 65% Split (~169 BPS) Tier 3 ($15M–30M Volume): 75% Split (~195 BPS) Tier 4 ($30M Volume): 80% Split (~208 BPS) Pricing Model: We price loans competitively but do have a floor.
In-House Processing: We deduct a small 15bps fee from the gross revenue to provide dedicated processing on your files.
You sell; we chase the conditions.
Top-Tier Tech Stack: Full access to ARIVE (LOS), corporate email, and pricing engines ($65/mo tech fee).
Lender Access: Direct access to the nation's top wholesale lenders (UWM, Kind, Pennymac, etc.) for better rates and 14-day closings.
Who We Are Looking For: Active NMLS License required.
Self-Generated Business: You are a hunter.
You have relationships with Realtors and past clients.
(We provide the systems to nurture them, but you bring the hustle).
Ethical & Compliant: You understand that "Compliance protects the commission." We run a clean shop.
Tech-Capable: You are comfortable working remotely, using Zoom, and managing a digital pipeline.
Why Switch? Most LOs are stuck in a "Retail Trap"—earning 90bps while the company keeps majority.
At SIM REI, we flip the model.
You keep the majority of the revenue because you are the one bringing in the business.
Ready to give yourself a raise? Apply today to schedule a confidential call.