Loan Officer Jobs & Careers — Build Your Business With Simply Approved Mortgages

Why our compensation model is built the way it is

Lender-paid compensation plans in the wholesale channel commonly sit somewhere around 1.75% to 2.75% of the loan amount, and broker compensation is not a secret — it is disclosed on the borrower's Loan Estimate and reported publicly in HMDA data (source: CFPB, Home Mortgage Disclosure Act data). Individual company plans vary. We chose to run most of our lender-paid business at 1.50% on purpose.

Here is the plain arithmetic. On a $400,000 loan, the difference between 1.50% and 2.50% is roughly $4,000 in cost that has to live somewhere — in the rate, in the closing costs, or in the borrower's cash to close. For plenty of families that is the difference between a payment that works and a file that dies. Pricing our compensation lower gives our originators more room to structure a competitive file and still get paid well, and it gives the client a real shot.

That is the change we are trying to be part of: more Americans getting into homes, with a loan officer who can compete on structure instead of apologizing for a rate sheet. If that idea does not move you, this is probably not the right shop. If it does, you will find the economics here are built so you do not have to choose between doing right by the client and building a real income.

None of this changes how you are paid on any individual file. All loan originator compensation is calculated on the funded loan amount and other permissible factors only, consistent with Regulation Z § 1026.36(d) — never on the interest rate or any other term of the transaction.

Why loan officers move to Simply Approved Mortgages

Most originators do not leave a shop over one basis point. They leave because the split gets renegotiated every time they have a good year, because the technology is somebody else's, and because there is no plan for growing the business beyond the next closing. We built this platform around the opposite idea: publish the compensation, publish the fees, give the loan officer the tools and the client relationship, and then help them build something that keeps producing.

You originate as a broker, which means you shop wholesale lenders on price and guidelines instead of defending one lender's rate sheet. You keep your database. You get direct access to leadership, not a queue.

Our two compensation plans

We run two plans. There is no third tier, no negotiated one-off, and no monthly platform charge on either one.

130 bps plan

• 130 basis points of the funded loan amount on self-sourced agency, government, non-QM, DSCR, and business purpose files.
• 86 basis points on reverse mortgage, HELOC, and hard money files.
• Company-provided leads: 50% of the schedule, which works out to 65 basis points.
• No monthly platform fee. Arive, our loan origination system, is $79 per month.
• Per closed file: $99.99 for the LOA AI platform, a $60 compliance fee, and a $395 funded-file fee. On company-provided lead files, only the $99.99 and $60 fees apply.

150 bps full commission plan

• 150 basis points of the funded loan amount, and the loan officer keeps 100% of the commission on every line of business — including reverse, HELOC, and hard money.
• Company-provided leads: still a 50% split, which works out to 75 basis points.
• No monthly platform fee. Arive is $79 per month.
• Per closed file: $99.99 for the LOA AI platform, a $60 compliance fee, and a $495 funded-file fee.

Run both plans against your own volume in the career income tool further down this page — your own files, company leads, and any leads you choose to buy.

Profit share and leads at $60

Two things sit on top of the plans, and both exist for the same reason: an originator should be able to grow without renegotiating a split.

• Profit share. Producing loan officers can participate in company profit share, so the growth you help create comes back to you rather than stopping at your own commission line. Eligibility, measurement periods, and amounts are set in the profit share program terms and are not guaranteed; profit share is a function of company results and is subject to program terms and federal loan originator compensation limits under Regulation Z (12 CFR § 1026.36).
• Leads at $60 each. Beyond the 50/50 company-lead channel, you can buy leads outright at $60 per lead and keep the file on your full self-sourced schedule. That matters most in the gaps — a slow month, a new market, a product line you are building into, or the stretch after a referral partner goes quiet. You control how many you buy and when you stop.

Bought leads are raw opportunity, not closings. Results depend entirely on your follow-up, your speed to contact, and your conversion process — model your own close rate in the tool below before you spend a dollar.

Why be a champion here — and who this is not for

We are not trying to be the biggest shop. We are trying to be the one that changes how the file gets structured and who ends up in a home. That takes originators who want to build a business, learn products most people avoid, and be measured on outcomes.

This is not for everyone. If you want a salary, a hand-fed pipeline, or a single product to sell, we are the wrong fit. If you want published economics, real technology, product depth, and a seat in something you can help shape, come talk to us.

The lines of business you can originate

Breadth is what keeps a pipeline alive when one channel slows down. Through our wholesale relationships you can place:

• Conventional, FHA, VA, and USDA financing for owner-occupied buyers and homeowners.
• Non-QM: bank statement, profit-and-loss, asset depletion, ITIN, and foreign national files.
• DSCR and business purpose lending — rental, short-term rental, fix and flip, bridge, ground-up construction, and build-to-rent.
• Reverse mortgages for homeowners aged 62 and older.
• HELOCs, second mortgages, and hard money.

Residential consumer mortgages are currently arranged in Florida and Colorado. Business-purpose products are arranged in additional states only where legally permitted and subject to applicable licensing requirements or exemptions.

Technology we built, not technology we rent

Our engineering is aimed at the two places a file actually gets lost: the front end, where a borrower goes quiet, and the middle, where documents and conditions pile up.

• LOA AI file assistant. Reads the scenario, flags the structure problems — credit band, income documentation, reserves after closing, property type — before the file goes to a lender.
• Investor technology. Live short-term rental revenue and ADR data, long-term rent versus voucher versus short-term comparisons, DSCR and cash-flow modeling, and county-level fair market rent and program data built into the client-facing pages you send out.
• Client-facing scenario tools. Hundreds of calculators and county-level pages that generate real inquiries and hand the scenario straight to you with the numbers already attached.
• CRM and automation. Every inquiry, scenario, and document request lands in one pipeline with follow-up sequences already built.
• Arive loan origination system for pricing, submission, and condition management.

Business development, marketing, and training

We treat a loan officer as a business owner, so the support is aimed at pipeline creation rather than order taking.

• Business development coaching on referral partners: real estate agents, investor groups, CPAs, financial planners, and builders.
• Marketing systems — campaign templates, content, landing pages, and lead magnets you can put your name on, all reviewed against advertising rules before they go out.
• The $200M journey training series, built from the funded-volume experience of our leadership team: how files were structured, how the referral network was built, and what was learned the expensive way.
• Product training across DSCR, reverse, non-QM, and government lending, so you can take the call instead of passing it along.
• Optional company-provided leads on either plan when you want additional volume.

Licensing, sponsorship, and continuing education

We sponsor NMLS transfers for licensed originators and support candidates completing SAFE Act pre-licensing. Our pre-license and continuing education courses are available through our education partner at our CE Shop portal; courses are purchased directly through that portal.

Licensing requirements, education hours, and renewal deadlines are set by the NMLS and each state regulator, not by us. See our Loan Officer Courses page for the education roadmap.

Who we are looking for

• Experienced originators who already have a referral base and want a broker platform with published economics.
• Investor-focused originators who want DSCR, short-term rental, and construction volume with the data tools to support it.
• Newer licensees who will do the training and want product depth early instead of one narrow lane.
• People who lead with disclosure. Every file here is documented, disclosed, and defensible.

Simply Approved Mortgages is an Equal Opportunity Employer. Employment and engagement decisions are made without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or any other protected status.