Loan Factory, Inc.
San Jose, CA · NMLS #320841 · Updated Feb 20, 2026
At a glance
- Company type
- Mortgage Broker
- Headquarters
- San Jose, CA
- NMLS ID
- #320841
- Website
- Not yet reported
- 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 (1099 / W-2) · Loan Officer · Commission (bps)
250 bps ยท 100% split
1099: '100% comp' after fees; W-2: 90% after fixed fees. Per-loan fees $595 admin + $500 processing = $1,095. NMP table: est. net $11,405 on $500k.
Company-claimed · Feb 20, 2026Industry 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.
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Similar companies
- Alliance Bay Funding Inc. CA
- Prime Choice Funding, Inc. Irvine, CA
- Truss Financial Group LLC Lake Forest, CA
- Cohen Financial Group Beverly Hills, CA
Sources
- nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/320841
- Company-claimed, Feb 20, 2026: nationalmortgageprofessional.com/news/lo-uncomplicated-02222026
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