[Erik]

Being the broker is different than being a loan officer, but often loan officers can be referred to as brokers if they work for a broker. I'm sure that is clear as mud and you probably already knew it all but I figured it couldn't hurt to start by making things more foggy. Or something.

Anyway, if you don't have experience originating loans I would recommend you start as an LO working for a nice commission split for a reputable broker in your area. Learn the ropes. Gain experience. Worry about opening your own shop after you can produce what you need to to pay the bills.

The other thing you asking about - the fee per file thing - is called a net branch (or at least that's what I think you're talking about). Most net branch companies won't let you set up a branch as a newbie loan officer but not a bad way to go after you get some experience under your belt.

If you make the jump to straight commission soon and do well for a year as an LO then maybe you'll feel it's wise to open your own shop or net branch next summer. That's the approach I'd take if I were you.