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Angelo Christian explains how loan officers are paid when starting out. Initially, you receive a guaranteed salary, which can be hourly or monthly. For the first three months, you receive an hourly rate up to 40 hours, with overtime paid at time and a half. In addition to your salary, you receive a commission of 50 basis points for every loan you process from the date of disclosures. This commission is based on the date disclosures are sent, not when the loan closes.