Northeastern Realty’s Mortgage Loan Originators (MLO), where permitted, operate and are compensated as 1099 independent contractors. Mortgage Loan Originators determine their hours of work, manner of obtaining business, the type of business they wish to originate, the lenders/investors they wish to originate through and the method of originating loans. Mortgage Loan Originators observe industry compliance and legal requirements to comply with federal and state regulations. Because Mortgage Loan Originators are 1099 contractors they have greater flexibility to deduct business expenses. Northeastern Realty’s Mortgage Loan Originators (MLO) compensate loan on a commission split arrangement.