Written By: Karen Deis & 3 Loan Originators

You have heard the hype on how hiring an assistant will take your business to the next level. Finding an assistant is probably the easiest part - it's how to structure their income & duties that is the most challenging.

In this article, we have interviewed 3 loan originators who have taken the plunge and have hired assistants. They represent the East Coast, West Coast and Midwest. They represent a company owner (and a mortgage broker), an LO who works for a bank and one who works at a mortgage banking company. They have asked to remain anonymous. Who they are is not as important as the ideas they will share with you in this interview.

Since each mortgage shop is structured differently, we will share with you how they have internally set up their operations, job descriptions and how they have structured their assistant's income.

It wasn't easy for them to make the leap and hire assistants. However, it is the first step in thinking like a CEO of your own business. When you read this article, we hope it will give you some ideas on how you too might work with assistants, how they are paid, the job descriptions and incentives.

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