LoanOfficerTools

Loan Officer Commission Calculator

Calculate commission on funded volume after the split and per-file fees, with the effective rate and the amount per file.

Last reviewed

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Free · No sign-up · Runs in your browser

Compensation plans are quoted in basis points and paid after deductions. Between the headline rate and the deposit there is a split, and frequently a per-file fee that applies whether the file was easy or difficult.

This calculates the whole chain for a period: the gross commission the volume generates, the share retained by the house, the file fees deducted, and what is left. The effective rate at the end is the figure to compare when weighing one compensation plan against another.

Your numbers

Results update as you type. Nothing is sent anywhere.

Result

Net commission

$32,830

Gross commission
$46,200
Your share after split
$36,960
House share
$9,240
Per-file fees deducted
$4,130
Net commission per file
$2,345
Average loan size
$300,000
Effective rate on volume
0.78%

Enter the split you actually receive after the branch or house share. Compensation plans differ by employer and by state licensing model.

This is a compensation estimate only. It is not a projection of business you will win.

How to use the loan officer commission calculator

  1. Enter the funded volume for the period and the number of files it represents.
  2. Enter the commission rate in your plan.
  3. Enter the split you receive after the house share.
  4. Add any per-file fee and read the net commission and effective rate.

What people use this for

  • Checking a commission statement against what the plan should produce.
  • Comparing two compensation plans with different splits and fee structures.
  • Working out the commission on a single file before it closes.
  • Seeing what per-file fees cost across a year of production.

Worked examples

Every figure below is produced by running this calculator against the example inputs, so the numbers always match the tool.

A quarter of production

$4.2m funded across 14 files, 1.1% commission, 80% split, $295 per file.

Net commission
$32,830
Net commission per file
$2,345
Effective rate on volume
0.78%

A tighter split with no file fee

$2.6m across 9 files, 1.25% commission, 60% split.

Net commission
$19,500
House share
$13,000
Effective rate on volume
0.75%

Per-file fees hit small loans hardest

A flat fee of three hundred dollars is a small deduction on a large loan and a significant one on a small loan. Two officers on identical plans can receive very different effective rates purely because of their loan mix.

The effective rate output makes that visible, which is the point of calculating it rather than reading the plan.

Comparing plans requires the full chain

A higher headline commission on a worse split can pay less than a lower one on a better split, and a plan with no file fee can beat a higher rate that carries one. None of that is visible from the headline number.

Run both plans through the same recent volume and file count, and the comparison becomes a single figure rather than an argument.

What this is not

It is a calculation of a compensation plan you describe. It is not a statement of what any employer pays, what is typical in any market, or what a plan is permitted to include.

Compensation is regulated and structures vary by state and by licensing model. Use your own agreement as the source.

Methodology and assumptions

What this calculator does, and what it deliberately does not do.

  • Gross commission is funded volume multiplied by the commission rate.
  • The split is applied to gross commission; per-file fees are then deducted from the result.
  • The effective rate is net commission as a percentage of funded volume.
  • No tax, withholding or benefit deduction is modelled.
  • Results are estimates. Real quotes depend on credit, income, property, loan programme and lender pricing at the time of application.
  • Nothing you type is transmitted or stored - the calculation runs entirely inside your browser.

This calculator is provided for informational and educational purposes only. Results are estimates and may not reflect actual rates, fees, taxes, or market conditions.

This website is not a lender, a mortgage broker or a financial adviser. It does not originate loans, does not accept applications and does not forward your details to anyone.

Actual loan terms depend on credit history, income, the property, the loan programme and lender pricing at the time of application. Only a lender can tell you what you qualify for.

Frequently asked questions

Is this before or after tax?

Before. Tax treatment depends on your employment status and jurisdiction and is outside the scope of the calculation.

What is a typical split?

Splits vary widely by employer, channel and support provided. Quoting a typical figure would be inventing one.

Should I compare plans on the commission rate?

No. Compare on the effective rate after split and fees, using your own volume and file count. The headline rate is rarely decisive on its own.

Does this include bonuses or tiers?

No. Tiered plans need to be run separately for each tier, or approximated by using the blended rate you actually achieved.

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