How much a loan officer earns depends on where they work. Some mortgage loan officers earn a fixed salary, while others earn a salary plus commission. Typically, commissions are calculated in basis points, or BPS, for each loan. For example, BPS could be broken down like this: 1 BPS = 1/100th of 1% This means that, say, at 25 BPS for a $200,000 home loan, you’ll get $500 in commission. In Texas, you can get an average commission of between 100 and 150 BPS, even if you are a new mortgage loan officer. In general, the higher your expectations of your customers, the higher your commission. Simply put, your commission is likely to be much higher if you work for a boutique agency or on your own than if you work with large financial institutions such as banks or credit unions. According to Indeed.com, you can earn $20,400 in commission as a mortgage loan officer in Texas. No matter where you apply to become a mortgage loan officer – Texas or anywhere else – you must register with the Register and the National Mortgage Licensing System (NMLS). You must then complete 20 hours of pre-licensing educational courses and pass the NMLS Mortgage License Exam, among other requirements specific to your state.