The April 1st deadline is fast approaching for the Federal Reserve’s Final Rule regarding loan originator compensation and steering. There has been a lot of talk and confusion about how to compensate after the effective date. Furthermore, various investors and agencies may require to see your written LO Compensation Policy.
To help you comply, we are pleased to announce that we are now offering a Loan Originator Compensation Policy. We offer three different policies to fit your specific organization type:
- Wholesale lender
- Broker
- Retail correspondent
We can send you an LO Compensation Policy within 48 hours of when you order it. Learn more about our Loan Originator Compensation Policy or Contact Us to get started. 877-250-5243
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