1099 vs. W-2: Avoiding Costly Compliance Mistakes, Jan. 22

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About the Event

A recent lawsuit has brought renewed attention to the risks mortgage lenders and brokers face around loan officer classification, compensation practices, and data handling. Join MBA and a panel of industry experts as we break down what went wrong and outline practical steps organizations can take to stay compliant.

Participants will learn how to correctly classify LOs, structure compliant pay plans, and strengthen borrower data safeguards to reduce legal and regulatory exposure. The session will also feature a discussion on emerging state-level trends, enforcement actions, and compliance hot spots – equipping attendees with insights to anticipate risks and build stronger, more defensible policies.

Date/Time:

Thursday, January 22 (1:00 PM – 1:45 PM ET)

Objectives:

Differentiate between 1099 and W-2 loan officer classifications and understand the compliance risks of misclassification

Identify compliant LO compensation practices and avoid structures that may trigger regulatory scrutiny

Recognize common data-handling vulnerabilities and implement stronger safeguards to protect borrower information

Apply practical lessons from recent litigation to reduce organizational risk

Gain insights from industry experts on emerging state-level compliance issues and trends impacting lenders and brokers

Target Audience:

Compliance Professionals

Human Resources Managers

Production and Sales Managers

Risk Managers

Speakers:

Troy Garris, Founder and Co-Managing Partner, Garris Horn LLP

Laura LaRaia, CMB, AMP, Chief Legal and Enterprise Risk Officer, The Money Store

Russell Bruch, Partner, Morgan Lewis & Bockius LLP