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Case StudyMortgage Lending·Talent & Retention

How a multi-state lender hired 48 licensed loan officers on commission only, and kept them.

Skillfi built a licensed talent pipeline, turned commission-only into a selling point and designed a 30-day onboarding module that nearly doubled 90-day retention.

90-day retention
41%→78%
48Licensed LOs hired
38 daysTo first funded loan
3,200+Licensed candidates
01

Plenty of loans to win. Nobody licensed to close them.

Rate swings had pushed experienced loan officers out of the industry, and every lender in the region was chasing the same shrinking pool of licensed talent. Our client had the volume to grow across four states, but couldn't hire fast enough to capture it.

Every role was 100% commission-only. Most candidates dropped out after the first call, branch managers recruited in their spare time, and new hires who did join had no structured path to their first close. More than half were gone within 90 days.

59%of new LOs left within 90 days
90+ daysto fill a single role
1–2licensed hires a month

We could close the loans. We just couldn't hire anyone fast enough, or keep them long enough, to close them.

VP of Retail Lending, client
02

Treat commission-only as the offer, not the obstacle.

Instead of chasing more applicants, we focused on the right ones: licensed, self-motivated producers who want uncapped earnings. Then we made sure every new hire had a clear path to their first paycheck.

Pipeline

A licensed-only talent pipeline

We sourced loan officers from NMLS registry and state licence data, then reached producing LOs at competing lenders through LinkedIn and email sequences.

Positioning

Commission-only, sold properly

We rebuilt the pitch around real earning scenarios, flexibility and support, and screened for self-starters before the first interview.

Onboarding

A 30-day onboarding module

Every hire followed the same week-by-week program to their first funded loan, with a mentor and clear 30/60/90-day milestones.

The Engagement

Six months, month by month

From an empty pipeline to a licensed sales team that stays. Here's how the engagement unfolded.

  1. Month 1

    Discovery & hiring profile

    We studied the lender's top producers, comp plan and markets to define exactly who to hire and how to pitch them.

    Profile defined
  2. Month 1–2

    Licensed pipeline built

    NMLS and state licence sourcing, plus LinkedIn and email outreach to producing LOs at competing lenders.

    1,400 candidates
  3. Month 2

    First cohort hired

    A fast, structured interview process replaced ad hoc branch recruiting. The first licensed LOs started within three weeks.

    9 LOs hired
  4. Month 3

    Onboarding module launched

    Every new hire moved into the 30-day program, with a mentor and a weekly check-in from day one.

    8 hires / month
  5. Month 4–5

    Scaled across four states

    Multi-state licensed LOs and bilingual originators were added to support the lender's expansion markets.

    3,200+ in pipeline
  6. Month 6

    Retention proven

    Three full cohorts passed the 90-day mark. Retention had nearly doubled and new LOs were closing in half the time.

    78% retained
Inside the Onboarding Module

30 days from licence to first funded loan

Commission-only loan officers quit when the first paycheck feels too far away. The module was built to shorten that gap, one week at a time.

Week 1Days 1–7

Licensing & compliance

  • NMLS sponsorship & state transfers
  • Compliance & fair lending training
  • Run in parallel, so no one waits
Week 2Days 8–14

Systems & products

  • CRM & loan origination system
  • Pricing engine walkthroughs
  • Full product menu & guidelines
Week 3Days 15–21

Lead generation playbook

  • Realtor partnership outreach
  • Past-client & sphere campaigns
  • Daily activity targets
Week 4Days 22–30

Mentor & live deals

  • Paired with a top producer
  • Shadow live files to closing
  • First applications taken solo
Day 30–90: Ramp tracking & coachingWeekly check-ins and an early-warning dashboard flag anyone falling behind, so managers step in before a resignation.
Day 30 · Own leads working Day 60 · First funded loan Day 90 · Self-sufficient producer
The Results

What changed in six months

90-day retention of new loan officers

Before Skillfi41%
Industry typical52%
With Skillfi78%
0%25%50%75%100%

Share of new hires still active 90 days after their start date.

Licensed LOs hired per month1–2→8
Time to fill a role90+ days→21 days
Days to first funded loan74→38
Licensed candidates in pipeline<100→3,200+
Base salary cost per hire—→$0
HP

We went from begging for applicants to choosing between licensed candidates. And for the first time, new hires are still here at day 90.

Head of People, client
Your Turn

Hiring commission-only talent that won't stay?

We'll look at your hiring targets, comp model and current retention, then show you how we'd build the same engine for your team.

What we'd build for you
  • A licensed talent pipeline for your markets
  • A recruiting pitch that sells commission-only
  • A custom onboarding module for your products
  • Ramp & retention tracking for managers
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