English Tiếng Việt Español Sign In

Announcement

Loan Factory partners with newly licensed loan officers and active producers. Applicants currently in the industry who have closed fewer than two loans in the past 12 months may not be eligible for onboarding. All onboarding is subject to a background check and management approval.

THE #1 MORTGAGE PLATFORM

Thuan Nguyen

Licensed in 48 states

Why Loan Factory?

Who can join: Newly licensed or 2+ loans closed in the past 1 year (subject to background check and management approval)

NMLS #320841 Equal Housing Lender
we dare you to compare

Loan factory explained

Get In Touch

Why Loan Factory Every Friday

  • 🚀 Learn from Thuan Nguyen, CEO of Loan Factory & the #1 Loan Officer in the country!
  • ✅ How he became #1 and how you can grow your business
  • ✅ The benefits of joining Loan Factory
  • ✅ Cutting-edge tech to simplify your workflow and make every client happy and give you a 5-star review
  • ✅ Access to 55+ lenders to close any type of loans: Commercial, Land, Chattel (Mobile home loans), etc.
Skip the webinar. I want to join NOW

How to join Loan Factory - 5 steps

Follow the 5 simple steps below to begin your onboarding and step into the best chapter of your career.

Steps to join Loan Factory fast track

CONTINUE READING IF ...

  • You want to have lower rates to compete.
  • You want to close loans faster.
  • You want to scale up, Up, and UP!
  • You want to leverage the best mortgage platform and most hi-tech to build your business.
  • You want to learn from the #1 Loan Originator in the U.S. 2021 & 2022.
  • You want to establish a strong, stable, and growing business. (Most Loan Originators perform well in their first few years, but fall short later on)
Join us now!

Why Loan Factory?

Super low-interest rates

We offer incredibly LOW rates and want the entire world to know about them! Most mortgage lenders are either unable or unwilling to display their rates.

Excellent Customer Service

We have the BEST customer reviews compared to any mortgage companies out there on Google, with an average rating of 5-stars. We have over 21,722+ 5-star reviews. A PERFECT record.

The Best Technology Platform

We have developed our own proprietary platform that is UNMATCHED by any other mortgage companies on the market. Forget about using three or four different software tools to process your loan; we have it all in one place.

Our accomplishments

55+

Number of Lenders

48

Licensed states

See what customers say about working with us.

21,722+ (Avg. 5.0) Google Reviews

Resource provided by Loan Factory

Mortgage Broker

  • Wholesale RAW rates from 200+ lenders
  • Tier-1 Broker
  • Low or No EPO

Education & Resources

  • Company Proprietary Mortgage Platform
  • Get Your Own Website

Support

  • Marketing Support
  • IT Support
  • Underwriting Support
  • LIVE Support on Corporate Coaches Marketplace

Becoming a Loan Officer

Realtors and CPA/Insurance agents, want more income? Take a 20-hour class, pass the NMLS exam, and open new doors for yourself and your clients!

More details

Corporate Coaches

View corporate coaches

Compensation

  • 1099 compensation: you will get 100% commission on every closed transaction. Loan Factory will charge a flat fee of $595 (on top of processing fee $500), regardless of the loan amount.
  • W2 compensation: you will receive 90% of the commission (after paying an admin flat fee of $595 and processing of $500) on every closed transaction. Please note that you still have to pay all applicable payroll taxes yourself.
  • Bonus: Receive up to $5,000 when referring a Loan Officer.

Compensation

As an Independent Loan Officer, you have full flexibility — work remotely, set your own schedule, and build your business your way.

Startup Fee

There is a one-time $100 startup fee to cover system maintenance, account creation, and as a commitment fee. This also includes your Loan Factory website (www.yourname.com), company email, and Google Workspace setup.

State Sponsorship

Loan Factory will cover sponsorship fees for up to 3 states. You are responsible for the state application fees for any additional states you wish to be licensed in.

Experience Level

At Loan Factory, Loan Officers are categorized as either Experienced or Inexperienced:

Experienced LOs: Have closed 5 or more loans since 2022. Experienced LOs are not required to participate in the Corporate Coaching program.

Inexperienced LOs: Have closed fewer than 5 loans since 2022. Inexperienced LOs are required to participate in the Corporate Coaching program until they reach a total of 5 closed loans since 2022.

We verify production through NMLS (via Modex and MMI). If you are considered inexperienced, you'll be required to join our corporate coach program for your first 5 closed loans with Loan Factory (or the number needed to reach 5 total since 2022).

During the corporate coach program, you will split your commission with Loan Factory, If you are 1099 we take 20%, If W2 we take 30%. Feel free to email recruiting@loanfactory.com if you have any questions.

Compensation Structure

1099 Loan Officers

  • Receive 100% commission on each closed transaction.
  • Flat fees: $595 per file and $500 processing fee, regardless of loan amount.

W2 Loan Officers

  • Receive 90% commission on each closed transaction.
  • Flat fees: $595 per file ($595 for correspondent loans) and $500 processing fee.
  • Note: You are responsible for applicable payroll taxes.

W2 State Requirement

Loan Factory currently requires W2 employment in 11 states: CA-DFPI, GA, IN-DFI, MA, MT, NV, NJ, NC, SC, RI, and VT.

For compliance reasons, a Loan Officer cannot be paid both W2 and 1099 at the same time.

Best Technology Platform: TERA

At Loan Factory, you get access to TERA—our powerful, all-in-one mortgage platform built in-house by our engineers. It combines everything you need—LOS, POS, CRM, Marketing, Pricing Engine, Support, and Marketplace—into one seamless system. And the best part? It's completely free for our Loan Officers, giving you the tools to work faster, smarter, and close more loans.

Free training for all levels

At Loan Factory, you're never alone—we invest in your success. You'll get hands-on training in lead management, loan processing, marketing, pricing, and lender selection. Join dozens of live training events every week or learn at your own pace anytime with our on-demand Loan Factory Academy. Whether you're new or experienced, we give you the knowledge and support to grow faster.

Marketing Support

At Loan Factory, our Loan Officers get free access to a team of marketing experts who can customize images, edit videos, and run ads for them. This support—worth thousands elsewhere—is included at no cost, helping you grow your business without the overhead.

Underwriting Support

At Loan Factory, our team of 5 skilled underwriters is here to support you. We help calculate DTI (with AI doing it automatically), find the right loan program and lender for complex scenarios, and guide you through QM and Non-QM guidelines. You're never alone—we're here to help you close faster and smarter.

Unmatched Support

At Loan Factory, every Loan Officer gets a dedicated support specialist—and during business hours, you can meet with them live on our Marketplace. Plus, our full team (Accounting, Commissions, HR, Marketing, Processing, and more) is always standing by to help. No other mortgage company supports you like we do.

No software fees

At Loan Factory, you don't need to subscribe to any third-party software. Our in-house engineering team has built the industry's best all-in-one mortgage platform—powered by AI—to help you manage leads, run pricing, track loans, and close faster. And the best part? It's completely free for our Loan Officers. While others pay thousands per month for multiple tools, you save big with Loan Factory.

SOFTWARE YOU NO LONGER NEED MONTHLY COST
Loan Sifter $79
Arive/Lending Pad $70
Income Analysis (from loancraft.net ) $50
Homeowner Mortgage Report $150
Lead Hacker $300
Birds Eye for reviews $299
Canva Basic - you must create everything $15
Total Savings $963

TOP TIER PROCESSING - Just $500 Per Closed Loan

At Loan Factory, we charge only $500 per closed loan—far less than the typical $700–$1,100 charged by third-party processors. Our in-house processors, powered by advanced tech, ensure 99% of loans close smoothly. You'll work with one dedicated processor who will call you when a loan is approved, review conditions, and escalate any issues that can't be resolved within 7 days. We don't allow Loan Officers to process loans—so you can focus fully on growing your business and making more money.

Earn Big By Referring Loan Officer

At Loan Factory, you can earn a referral bonus by simply referring another Loan Officer to join us. You don't have to recruit—just share the opportunity. If you refer a Loan Officer who closed 60 loans in the past 12 months, you could earn $5,000 or 5,000 RSUs. If you refer a Loan Officer who closed 120 loans in the past 12 months, you could earn $10,000 or 10,000 RSUs. It's that easy! Learn more

Frequently Asked Questions

Frequently Asked Questions

Are you licensed in all 50 states?

We are licensed in 48 states (all except CT and NY).

Is Loan Factory a broker or a direct lender?

Loan Factory is a mortgage broker (licensed in 48 states) and is also a correspondent lender (currently licensed in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, West Virginia, Wisconsin, and Wyoming).

Who is the CEO of Loan Factory?

Thuan Nguyen is the CEO. He was the number one Loan Officer in the US in 2021 and 2022 per Scotsman Guide rankings.

What is the slogan of Loan Factory?

WE DARE YOU TO COMPARE.

I heard Loan Factory offers very competitive rates. Is that correct?

Yes, that is correct. You are welcome to shop around for instant and real-time mortgage rates here: https://www.loanfactory.com/quote.

How does Loan Factory have so many 5-star-reviews?

Simply check out a branch near you and you'll likely see our 5-star rating. Collectively, we have nearly 7,000 reviews on Google at last glance.

Where is the Headquarters located?

Loan Factory is headquartered in San Jose, California.

How many physical branches does Loan Factory have?

Loan Factory physical locations can be found here: https://www.loanfactory.com/branches.

Am I required to acquire a commercial office space? Can I work out of my home?

Loan Factory allows you to work from home in most states, but this varies depending on the state requirements.

How many lenders is Loan Factory working with and what states are the lenders in?

Most of our lenders are licensed nationwide and we have 200+ lenders on our list right now.

What types of loans does Loan Factory offer?

Conventional, FHA, VA, USDA, Jumbo, Construction, Non-QM, Reverse, Construction, HELOC/HELOAN, Private/Hard Money, Commercial, SBA/Business loans.

Does Loan Factory offer any other products or services besides mortgages, such as solar, auto loans, etc.?

No. Loan Factory specializes in mortgage loans.

What kind of benefits do you provide?

You will be an Independent Loan Officer and are commission-only. Therefore, there are no healthcare, 401k, paid time off, or holiday benefits provided.