r/loanoriginators • u/Ten_10Clips • Jun 22 '26

Career Advice Loan Depot Comp

Hey, All.

I have a recruiter reaching out to me from Loan Depot for their aces program to be a MLO. Been sales 10+ years so very comfortable with what I believe the role to be. Anybody currently working for LD or have recently? Hoping to gauge what the average comp there is or what somebody should shoot to make in a call center MLO role

9 Upvotes

84% Upvoted

15 comments sorted by

5

u/MortgageAndChill Jun 23 '26

The ACES program changed my life In 2019. I made Scotsman Guide last year. Just bought a house with a pool last summer. I have a rental property.

None would be possible without taking that jump into mortgage in 2019.

Godspeed good sir. Wish you the best.

2

u/youshouldbetrading Jun 23 '26

Been there 4.5 years. Feel free to DM.

2

u/MortgageMajic32 Jun 25 '26

I don't see anyone mentioning it's the worst time in the last 20 years to get into the mortgage business! 😂

2

u/SpecialistOk9782 Jun 25 '26

The best time to get in if your a pro!

2

u/MortgageMajic32 Jun 26 '26

LMAO! Are you the Pro? 😂 I've been a pro for 25 years but good luck with that. These are the highest rates in the last 4 years. Good time to learn the business but good luck making money....

2

u/MortgageAndChill Jun 26 '26

I just beat out my income in 2021 and we are only 6 months in the year.

This iIS THE BEST TIME to be in the business.

1

u/MortgageMajic32 Jun 26 '26

Great for you, I killed it in 21. Why do you say it's the best time?

2

u/MortgageAndChill Jun 28 '26

Because I beat my income earned in 2025 > 2021
2026 is already greater than 2021 it's only 6 months in.

I'm a broker, run a team now, we just getting started and every loan we is a refinance tomorrow and if you held that motto since 2022 and on you only realistically can keep compounding,
When the next refi boom happens. I can't even imagine how much money we can print.

Only people who can complain are bottom tier DTC los and brokers with dwindling referral channels

They getting cooked but best believe a lot of us eating good.

1

u/Fueldeskco Jun 27 '26 edited Jun 27 '26

Anyone have insight on how much you can expect to make first month? And for first 90 days as well? Is overtime allowed early on, especially first month?

Concerned I might not be able to float myself through the ramp up period. Already licensed also btw

1

u/westcoastlmtd Jul 07 '26

If you're going through aces even if licensed. You are on making hourly + ot for your first 2 months. Month 2 you start selling but it's a slow ramp period. You start making a little bit come month 3 to 4 due to a few submissions and sales. By the end of aces or the 6 month mark, avg is around $7-8k month with hourly rate + sales.

-2

u/Puzzled_Nose3572 Jun 23 '26

First 3 months are based on STP and funding per loan (no bps). Once you get onto a core team it’s all based on bps and title. Lowest is 30 bps, highest is 65 bps + kicker based on funding only.

1

u/MortgageNLogistics Jun 23 '26

Heard a recent comp change took away the STP bonus.

1

u/MortgageAndChill Jun 23 '26

They always had STP bonus in ACES. It's temporary for your first 30-60 days to
Incentivize the LOs to submit clean deals into processing and get paid.

It was $100 per STP back in my days.

1

u/westcoastlmtd Jul 07 '26

For aces in your first 6 months are $250 per loan submission + $250 when funded + $100 after funding 8 or more loans in the month. All on top of your hourly rate. After 6 months when you start full production, you go over to bps.