The stakes are high concerning Loan Originator Compensation. Enforcement in this area has been a major focus of CFPB enforcement. Your company and loan officers themselves can be held liable for any violations of the LO rules.
Tag: Loan Originator Compensation
Compliance Essentials: Loan Originator Compensation Resource Guide
The stakes are high concerning Loan Originator Compensation. Enforcement in this area has been a major focus of CFPB enforcement. Your company and loan officers themselves can be held liable for any violations of the LO rules.
Waning Refi Volumes Spur Decline in LO Commissions
SimpleNexus, Lehi, Utah, said declining loan volumes in the third quarter pushed quarterly loan originator commission earnings by 17%.
Waning Refi Volumes Spur Decline in LO Commissions
SimpleNexus, Lehi, Utah, said declining loan volumes in the third quarter pushed quarterly loan originator commission earnings by 17%.
LBA Ware: Surge in Q2 Refinance Volume Nets 59% Increase in LO Commissions
LBA Ware, Macon, Ga., said its quarterly summary of mortgage industry compensation found significant refinance volume growth in the second quarter contributed to a 59% year-over-year increase in total loan originator commissions paid over the three-month period.
LBA Ware: 2019 Base Commissions for LOs Unchanged
LBA Ware, Macon, Ga., released its 2019 Loan Originator Compensation Report, finding, base commission for LOs effectively unchanged from 2018 to 2019 despite increased industry focus on cost reduction.
LBA Ware: 2019 Base Commissions for LOs Unchanged
LBA Ware, Macon, Ga., released its 2019 Loan Originator Compensation Report, finding, base commission for LOs effectively unchanged from 2018 to 2019 despite increased industry focus on cost reduction.
CFPB’s Fall Regulatory Agenda: LO Comp, Industry Issues on Radar Screen
The Office of Management and Budget released its Fall Regulatory Agenda, and the Consumer Financial Protection Bureau indicated that changes to Mortgage Loan Originator compensation–a long time regulatory priority of the Mortgage Bankers Association–appears to be high on the radar screen.