Logo

What are you looking for?

Get help straight from our team...

Loan Originator Compensation

Compliance

Loan Originator Compensation

Do I add the commission schedule to the Employment Plan? What compensation plan should I use?

Last updated on 04 Nov, 2025

The Loan Officer Employment Plan FORM 3-10 is a fundamental document because it outlines what the MLO must do to earn the commission. BUT NEVER put the actual compensation amount IN THE PLAN. That means you can't change it without executing a new agreement. Always keep the compensation plan separate. For comp, you should have the Employment Plan plus:

1.) a borrower-paid and lender-paid, FORM 2-71-20, and, if there are volume kickers,
a.) You can use the Volume Accelerator in FORM 2-71-20 or use the sample volume-based sample.
2.) Finally, you need to have your own company's list of all lender-paid comp (for brokers) plans FORM 2-71-22

FORM 2-71-20 MLO Compensation Schedule
FORM 2-71-20 MLO Compensation Schedule

Previous

When do I have to do Compliance Audits? What audits are required?

Next