Escape the Loan Officer Trap: Keep 100% of Your Commission!

The third episode of the Blue Ocean Millionaires Club podcast, hosted by co-CEOs Michael McIntyre and Jason Boley, focuses on the distinction between traditional W-2 loan officers and entrepreneurial loan officers who operate in the broker channel. They emphasize the freedom, control, and financial benefits of being an independent loan originator rather than working under a company that takes a large portion of commissions. The discussion highlights how BOMAC offers a blue ocean opportunity, allowing loan officers to retain 100% of their commissions while providing tiered support options, including marketing and operational resources. They challenge the small thinking mindset of those who prefer W-2 employment for tax simplicity, encouraging loan officers to embrace 1099 status for greater financial control, tax advantages, and long-term wealth-building. The episode concludes with a strong call to action: join BOMAC, claim financial independence, and become a true entrepreneur.

Join BOMAC Nation!