Edge Home Finance, LLC
Minnetonka, MN · NMLS #891464 · Updated Oct 29, 2026
At a glance
- Company type
- Mortgage Broker
- Headquarters
- Minnetonka, MN
- NMLS ID
- #891464
- Website
- edgehomefinance.com
- Careers page
- Not yet reported
- Hiring in
- Not yet reported
- Remote policy
- Not yet reported
- Pay transparency
- Posts pay ranges (at least one sourced posting with numbers)
Compensation
Loan Officer · Loan Officer · Commission (bps)
275 bps ยท 90% split
Flat 275 bps; LO commission = gross minus 10%, minus $995 per-file fee; $15,000 per-loan cap; $500 of the $995 goes to recruiter (recruiter must close 1 loan in 30 days). No minimums stated.
Company-claimed · Feb 20, 2026Loan Officer (broker, W-2) · Loan Officer · Commission (bps)
275 bps
Flat 275 bps commission plan for all LOs, minus $995 per-file fee and 10% commission reduction (e.g., $400K loan = $11,000 gross; less $995 and 10% = ~ $9,005 gross W-2). $15,000 per-loan cap.
Public web page · Oct 29, 2026 (date captured)Industry benchmark Benchmarks describe the channel, not this company.
Mortgage broker, 1099/W-2 split or flat-fee ('100%') model: up to 275 bps gross
Brokerage receives lender-paid comp (commonly up to 275 bps). LO's share is set by some combination of split %, per-file fees, a company margin cap, monthly tech fees and recruiting overrides. Headline 275 bps can net materially less.
Benefits
Not yet reported.
Open roles
No open roles listed. Get notified when they post.
Apply
Similar companies
- NEXA Mortgage, LLC Mesa, AZ
- UMortgage LLC Philadelphia, PA
- Loan Factory, Inc. San Jose, CA
- Barrett Financial Group, L.L.C. Chandler, AZ
Sources
- nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/891464
- Company-claimed, Feb 20, 2026: nationalmortgageprofessional.com/news/lo-uncomplicated-02222026
- Public web page, Oct 29, 2026: applywithmatt.com/100-commission
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