Remote Loan Officer Commission Plans: Compare the Costs
Remote LO offers three commission plans: Beginner at $12 per month with 80% commission and a mentor; Starter at $95 per month with 100% commission and a $695 fee per closed loan; and Pro at $495 per month with 100% commission and no closed-loan fee. Compare your expected loan volume, support needs and total costs before choosing.
Key takeaways
Beginner includes a mentor, an $12 monthly fee and 80% commission.
Starter combines a $95 monthly fee, 100% commission and a $695 closed-loan fee.
Pro charges $495 monthly, pays 100% commission and has no closed-loan fee.
A $295 quality control fee is charged to the borrower.
Check licensing, processing, and other costs for your specific loan activity.
Choosing between remote loan officer commission plans means weighing more than the advertised commission percentage. Monthly fees, charges on closed loans, support, and the type of loans you plan to handle all affect how a plan may fit your work.
Remote LO recruits and hires remote loan officers nationwide. Its program describes three plans—Beginner, Starter, and Pro—with different fees and commission structures. The right one depends on your business needs and the costs you expect to take on. Review current terms with the company before you enroll.
What are Remote LO's commission plans?
Remote LO lists three plans for loan officers who want to work remotely. Beginner offers 80% commission and mentor support. Starter and Pro both offer 100% commission, but their monthly and per-loan fees differ.
| Plan | Monthly fee | Commission | Closed-loan fee | Mentor | |---|---:|---:|---:|---| | Beginner | $12 | 80% | Not listed | Included | | Starter | $95 | 100% | $695 per closed loan | Not listed | | Pro | $495 | 100% | None | Not listed |
Remote LO also states that it charges a $295 quality control fee to the borrower. Full processing is available and may also be charged to the borrower. Confirm how those charges apply to the loans you expect to originate and how they should be explained to clients.
The company says it does not split commissions and that compensation paid by the lender or borrower goes to the loan officer's company. That does not mean the program has no costs: the plan fees and any applicable loan or processing charges still matter when you compare your take-home amount.
How do you compare the total costs?
Start with your expected number of closed loans and calculate the plan costs over the same time period. For example, a plan with a lower monthly fee may still have substantial per-loan fees if you close loans regularly. A plan without a closed-loan fee may make the monthly payment the more important cost to review.
Use this checklist before deciding:
Estimate your activity. Write down a realistic number of loans you expect to close. Avoid basing your choice only on an optimistic forecast.
Add fixed fees. Multiply the monthly fee by the number of months you expect to participate.
Add per-loan fees. For Starter, include $695 for each closed loan, based on the terms listed by Remote LO.
Include support and service needs. Consider whether you want the Beginner plan's mentor, or whether you need features such as processing support.
Confirm who pays each charge. Ask how borrower-paid quality control and processing fees work for your loan scenarios.
This is a comparison method, not a prediction of income. Actual earnings depend on factors such as loan activity, compensation arrangements, and applicable costs. Ask Remote LO to confirm any terms that are not clear before signing up.
Which plan could fit a new loan officer?
The Beginner plan may be worth reviewing if you are starting out and value having a mentor. Remote LO lists a $12 monthly fee and 80% commission for this plan. A lower monthly fee does not automatically make it the least expensive option overall; look at the commission share and your likely production too.
People searching for remote loan officer jobs for beginners or remote loan officer jobs with training should also ask what training covers, how mentoring works, and what help is available while learning the process. Remote LO lists extensive lender and marketing training as a program service, and says the Beginner plan includes a mentor. Ask for details about how these supports are delivered.
If you are looking for remote loan officer jobs no experience or remote loan officer jobs entry level, remember that remote work and training do not replace any required license or qualifications. Remote LO says a license is not required for investment and commercial loans in 46 states. Its listed licensed states for other activity are CA, CO, FL, ID, MN, NV, OH, PA, and TX, with more states described as growing. Confirm licensing rules for the loan type and state where you plan to work.
When might Starter or Pro make sense?
Starter and Pro both list 100% commission, but their fee structures are different. Starter has a $95 monthly fee and a $695 fee per closed loan. Pro has a $495 monthly fee and no closed-loan fee. Comparing them means considering how many loans you expect to close—not just comparing monthly prices.
A simple break-even comparison can help. Multiply each plan's monthly fee by the number of months you expect to participate, then add the Starter per-loan fees for your estimated closings. Compare the totals, while also checking whether other service or processing costs apply. Do not assume a certain plan will cost less without using your own realistic activity estimate.
Some applicants specifically search for a remote loan officer 100% commission option or a loan officer plan with no per file fee. Starter and Pro both list 100% commission, while Pro is the option Remote LO lists with no closed-loan fee. The $495 monthly fee still applies to Pro, and the borrower quality control fee remains a separate item to clarify.
What should you ask before signing up?
Before choosing among remote loan officer positions or comparing remote mortgage loan officer jobs, get a clear explanation of the working arrangement. Remote LO says officers work from home, are paid through their company or a newly formed company via a 1099, and can operate under their own DBA company name after five closed loans.
Ask the company questions such as:
What is included in my chosen plan, and what costs are separate?
How does the mentor support work on the Beginner plan?
What lender, marketing, and platform training is available?
How do borrower-paid fees and processing charges apply to my files?
Which licensing rules apply to the loan products and states I plan to serve?
What does it take to use a DBA, and what happens before I reach five closed loans?
Remote LO lists services that include a personalized website with CRM and lead system, access to a lending platform and pricing engine, and free soft and hard credit pulls. It also describes additional tools and programs. Confirm availability, eligibility, and any separate costs for each service, especially where the site labels a service for licensed officers.
How do you choose a plan that fits your goals?
Use a side-by-side comparison based on what you need now and what you may need as you build your business. Someone who prioritizes mentoring may look closely at Beginner. Someone comparing a plan with no per-loan fee may examine Pro alongside its higher monthly fee. A loan officer who expects fewer closings should calculate whether Starter's per-loan charge makes sense for their own estimate.
Remote LO also says participants may build a team, recruit and manage their own staff, and set their own pay scale. If team-building is part of your plan, ask how that opportunity works and what responsibilities come with it. For a closer look at the company's program, review Remote LO's program information.
If you're learning how to become a remote loan officer, first identify the loan types and states you want to work in, then confirm licensing requirements and the support each plan offers. This is especially important if your search includes remote loan officer jobs no license required: Remote LO's no-license statement applies to investment and commercial loans in specified states, not every kind of mortgage activity.
For people comparing remote loan officer jobs work from home with other career options, consider whether the plan's cost structure and independent business responsibilities match your needs. Read the terms carefully, ask questions about charges, and compare plans using realistic estimates rather than commission percentages alone. You can contact Remote LO through its website to ask about its current plans and enrollment process.
Talk with Remote LO about your options
Remote LO recruits and hires remote loan officers across the country. Contact the team to discuss plan terms, training, licensing, and which option may align with your goals.
Kenneth Burrows, CEO Phone: 888-320-7888 Email: Ken@MortgagesforAmerica.org Address: 298 Kingsbury Grade, Suite 2E Stateline, NV 89449 Contact Remote LO
Frequently asked questions
Does Remote LO offer a commission plan with no fee per closed loan?
Remote LO lists the Pro plan with a $495 monthly fee, 100% commission, and no closed-loan fee. The company also lists a $295 quality control fee charged to the borrower, so confirm how all charges apply to your work.
Which Remote LO plan includes a mentor?
Remote LO lists mentor support with its Beginner plan. The plan has a $12 monthly fee and 80% commission; ask the company how mentoring is provided and what support is included.
Does Remote LO require a license for every loan officer role?
Remote LO states that a license is not required for investment and commercial loans in 46 states. Licensing requirements depend on loan type and location, so confirm the rules that apply to the work you plan to do.
What does 100% commission mean in Remote LO's plans?
Remote LO says Starter and Pro provide 100% commission and that it does not split commissions. Plan fees and applicable costs still need to be considered when calculating what you retain.
Can Remote LO loan officers work from home?
Yes. Remote LO describes its program as a way to work from home as a remote loan officer. It also says payment is made to the officer's company or newly formed company via a 1099.
About Kenneth Burrows
Kenneth Burrows - CEO, Remote LO
I have been in the Finance Business for 30 years. I created Mortgages for America to do what the name says: provide good Mortgages to Americans. We do specialize in VA loans, but we also handle hard-to-do loans. I've also specialized in Vacation Rental loans for almost 15 years.
Phone: 888-320-7888
Email: Ken@MortgagesforAmerica.org
Address: 298 Kingsbury Grade, Suite 2E Stateline, NV 89449
Follow us: Facebook | Instagram | X (Twitter) | YouTube | TikTok
Comments