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Washington Mutual, Inc.: Salary & Compensation Surveys

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Job Title: Loan Consultant
Location: St Clair Shores, MI
Submitted on: 09-Jul-04
Job Title Salary Survey
Loan Consultant I am on commission base income and the percentage of my sales is based on a tiering type structure. The more loans (measured both in units and volume) closed per month the better the percentage. I was promised and bonus for staying with the company during the transition and I did receive it. It was not calculated the way we were told nor disbursed the way it was initially explained, but none the less I did receive it. Stock options are granted upon performance goals that are set by the company and are not fully vested for three years. Commissioned employees do not received paid vacations. The company has several sales contests throughout the year, again these are earned by set performance goals.

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