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A "loan officer" usually describes just the skilled you're employed with. Is it hard to develop into a mortgage mortgage officer? Becoming a mortgage officer in California will not be as hard as it sounds once you observe the right steps and stay focused in your targets. You'll quickly embark on a rewarding journey that marks the start of an thrilling career. Depending in your dedication, you possibly can meet the prelicensing requirements inside a few months. Are mortgage loan officers 1099 staff? Federal law doesn't prohibit 1099 compensation to licensed mortgage originators. Under frequent legislation guidelines the IRS classifies events as employees or unbiased contractors strictly for tax reporting functions. Who makes more money loan officer or loan processor? Whereas mortgage officers/mortgage processor tend to take advantage of money within the finance business with a mean salary of $62,747. The education ranges that mortgage consultants earn is a bit totally different than that of loan officers/loan processor. Who makes more money mortgage officer or real estate agent?