LO Compensation Update: Adapting to the New Rules Webinar

An Inside Mortgage Finance Webinar Held
Tuesday, May 24, 2011

It’s been more than 45 days since the Fed’s controversial loan originator compensation rule took effect. Find out how mortgage market players have adapted to this new regulatory environment and the way they compensate originators at a special webinar from Inside Mortgage Finance. LO Compensation Update: Adapting to the New Rules guides you through the major changes and provides answers to key questions.

How have lenders tightened up the broker disclosure process? What provisions in the new rule still need clarification? And what further changes in loan originator compensation regulations are in store.

Learn what major lenders are doing about their compensation plans, which include various agreements between lenders and each loan officer and broker—all avoiding pay based on loan terms or conditions, and other “musts.” Complicating matters is the Dodd-Frank Act, which addresses many of the same issues, with the possibility of further changes coming.

Get the answers and find out how the mortgage industry is coping with this major restructuring of the mortgage compensation rules. Our expert panel has the knowledge and connections to make this one webinar you can’t afford to miss.

Be sure to listen to this webinar and understand how these new regulations will affect your business.

These industry experts shared their insights and answered questions:

  • Bill Dyson, Director of Industry & Government Affairs, CitiMortgage
  • Christine Harrington, Of Counsel, Canfield & Associates
  • Kristie D. Kully, Of Counsel, K&L Gates LLP
  • Guy D. Cecala, Publisher, Inside Mortgage Finance (moderator)

Hear about issues like these:

  • Changes the new LO rule has produced in GFEs and HUD-1s.
  • How has the rule changed the size and type of fees paid to mortgage brokers?
  • What other new laws and court rulings will complicate doing business?
  • Can lenders require LOs to pay for mistakes out of their own pocket?
  • On which parts of the rule does the industry still need clarification by the Fed?
  • What requirements of the LO rule require you to change some business processes?
  • Can you pay differently based on the type of mortgage loan?
  • Why fair lending claims can be likely to include truth in lending claims.
  • What impact will the lawsuits filed against this rule have?
  • How can certain allowed compensation under the Fed rule run afoul of RESPA?
  • Are fees paid to third parties regulated under the new rule?
  • How will the Dodd-Frank Act’s LO rules affect your current practices?
  • How are others dealing with compensation for producer-managers?
  • Can you have a separate compensation plan for refinances of bank customers?
  • How might wholesale lending change?
  • What has the industry just learned about the need to be more nimble?
  • What are the penalties and who will be liable for these penalties?
Conference CD and Manual - $225.00
MP3 and Manual - $197.00

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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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