A REMLO is a real estate professional or referral partner who takes on a dual role as a part-time mortgage loan originator.
Why Real Estate Agents Can Now Be REMLOs and Get Paid for Referrals
In December 2022, the FHA quietly updated its guidelines, removing real estate agents from its prohibited dual compensation list.
Before this, most lenders avoided hiring agents as loan officers out of fear of being disqualified from FHA lending.
But here’s the truth:
RESPA has always allowed dual roles, as long as:
The agent is a W-2 employee of the lender
They actively participate in the loan origination process
This means agents can now legally get paid for originating loans — as long as they follow these rules.
No State MLO License Needed to Become a REMLO — with the Right Lender
Want to become a loan officer without the hassle of state licensing? When you work with a federally chartered bank, no outside (state) MLO license is required.
That’s the opportunity behind becoming a part-time Junior Loan Officer (REMLO). With the right lender, onboarding is simple — and once you're registered, you're ready to go.
No SAFE exam
No state licensing
Lend in all 50 states
Work from anywhere in the U.S.
One is federally registered, fully compliant, and empowered to earn on the loans you help originate - without jumping through licensing hoops.
Why Aren’t All Lenders
Doing This?
Many lenders still haven’t caught up with the 2022 FHA guideline change
Only federally chartered banks/credit unions can hire REMLOs without requiring a state MLO license
State-licensed lenders and brokers must require REMLOs to go through licensing, which is a barrier for most
What Does a REMLO Actually Do?
A REMLO handles early-stage origination using a mobile app:
Send clients a link to the bank’s online loan app
Get notified when it’s submitted (5–10 minutes)
Run a soft credit pull to check scores
REMLO Compensation
Paid 25–50 bps (0.25%–0.50%) of the loan amount
Applies to both purchase and refinance loans
Translates to thousands per closed loan, depending on volume
Who Can Be a REMLO?
No state license required (if working for a federally chartered bank)
Must be W-2 employee of the lender
Must have a network of potential buyers/refi clients
Most REMLOs are real estate agents, brokers, or professionals with access to mortgage prospects
Remote & Flexible
Almost all REMLO roles are remote and part-time
Many work REMLO as a side income stream
Perfect for agents who want to legally earn on the loans they already refer
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