Loan Officer Earnings Calculator
by Ken Burrows
what is Loan Officer Earnings Calculator
A calculator for loan officers to estimate their potential earnings with Remote LO. Features include logo placement, average yearly volume input, plan comparison (Pro Plan at $495/month for 100% commission, or Starter Plan at $95/month plus $795 per file), 12-month projections with growth rates, and automatic recommendation of the best plan. Includes pre-populated values ($400K avg loan, $9.6M yearly volume), dual Calculate buttons, and helpful guidance about when to upgrade plans.
How to use Loan Officer Earnings Calculator?
Enter Your Average Yearly Volume
Start by inputting your estimated total loan volume for the year in the 'Average Yearly Volume' field. A pre-populated example of $9.6M is provided for guidance. This is the foundation for your earnings estimate.
Select or Compare Commission Plans
Review the two Remote LO plans. The Pro Plan offers 100% commission for $495/month. The Starter Plan costs $95/month plus $795 per funded file. The calculator will automatically compare both based on your input.
Adjust Growth & Loan Value (Optional)
Fine-tune your projection by adjusting the 'Monthly Growth Rate' slider to forecast volume increases. You can also modify the 'Average Loan Value' from the default $400,000 if your typical loan size differs.
Click 'Calculate My Earnings'
Press either of the two 'Calculate' buttons to generate your personalized 12-month earnings projection. Instantly see your estimated net earnings, a plan comparison, and a clear recommendation on the most profitable plan for you.
Review Your 12-Month Projection & Recommendation
Analyze the detailed month-by-month breakdown of your estimated volume, gross commission, fees, and net earnings. The tool highlights the optimal plan (Starter or Pro) and indicates when you might benefit from upgrading.