Advice for new loan processor job

[Jorge Leon]

Correction, the job is for loan originator and not loan processor, I just got approved for a job as a loan processor. I don't have a license but I will be studying and taking the NMLS test soon. I sell off market properties as a side gig and want to pursue a career in mortgage lending for two reasons, it's an industry that's is always employing (I live in chicago) and it would facilitate the selling of my properties, either by my ability to approve them for loans or through the network of people I hope to acquire. Half the people interested ask if I have an option to finance as I have only been selling them to people that have the full amount. The owner of the branch also sells off market property, he saw that I have some real estate experience and that I have a large network of people looking for a house (he says they are warm leads and the company does not provide leads, we have to acquire our own) all reasons he decided to give me a shot. The job is commission only (W2) and I get no hourly since I am not required to come to the office. Benefits include health, dental and 401k and says he would pay 1.25% of loan amount. I am brand new to the industry, I have only worked in sales, do these terms seem right? Just looking for general advice from those with experience. Also recommendations for books or programs to study for the test would be appreciated.