Yes I am a mortgage broker, and please feel free to ask me anything
It varies from lender to lender on how they calculate or what they allow you to use for commisions.
Your base salary of $50,000 is fine. As long as you can prove you receive that no matter what you are good to go.
Most lenders will take your last 2 years of commisions and take the average. So if you had $10,000 in commisions in 2008 and $20,000 in 2009. Then they would add $15,000 to your base salary.
However, more and more lenders are now taking the LOWER of your last 2 years commisions and using that. So for the example above they would use your $10,000 from 2008. Keep in mind the commisions have to be taxable income. They need to see them reported separately from your base income.
In your situation because you are new at that position it might be tricky because you don't have previous years commisions from the same job. However if it is a job in the same or similar industry I bet we could find a lender who would accept previous commision earnings.
Make sense?
Feel free to fire away with any other questions.
OP or anyone else who has them.....