Loan officer bps calculator

One basis point (bps) is 0.01% of the loan amount. At 100 bps, a $400,000 loan pays $4,000 in commission before any split or fees.

Use 100 unless a split applies.

Estimated annual gross pay

$168,000

Illustration only, not an offer of employment or a pay guarantee. Under Reg Z (12 CFR 1026.36(d)) LO pay cannot vary with loan terms; plans may pay a fixed % of loan amount with a floor and cap. Draws, taxes, benefits and 1099 expenses are not included.