Success Happy

What is the success rate of being a mortgage loan originator?

I am considering working for Acceptance Capitol in Spokane Washington and wanted to know if there is anyone who has/does work for them and can give me insight on what the success rate/salary/turnover rate of working for this company in this specific location is? Any help would be appreciated! Thanks

Public Comments

1. Less than 10%. There are too many originators in every city. The only way you can guarantee that you will be one of the 10% is to refuse to accept any salary or "draw" against future commissions. If they don't have to pay you, they will never lay you off. You can continue until you get discovered by the real estate community. It usually takes 2-3 years until you have a stable income. If they pay you a salary, they will fire you if you don't produce 5 loans per month. That is almost impossible for a new person to accomplish.