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April 24, 2014

Want to Reward Your Top Loan Officers? Keep Their Comp Plan Simple

By Charles Wisniowski

Attorney Richard Andreano noted that the rule’s bonus provisions remain confusing for many lenders.

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Poll

How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

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