Deciphering the New Loan Originator Compensation Rules Price with shipping elsewhere
The Federal Reserve Board’s rules on loan originator compensation and the pay restrictions in the Dodd-Frank Act represent a sea change in the way loan officers and mortgage brokers are paid for their services.
Find out everything you need to know about the rules on loan originator compensation in Deciphering the New Loan Originator Compensation Rules. You’ll gain a better understanding of the definition of “loan originator,” differences between the Dodd-Frank Act and the Fed’s rule, prohibition on steering and other compliance issues.
You’ll also get a detailed lender perspective including: loan purpose variations, lender liability, and rate sheets, as well as highlights of compensation plans from Wells Fargo, CitiMortgage, PHH, U.S. Bank, MetLife and other lenders.
Order this guide to loan originator compensation today and discover:
- Examples of Prohibited and Permissible Compensation
- Compensation Based on Profitability
- Compensation That Varies From One Originator to Another
- Periodic Changes to Compensation Plans
- Compliance With RESPA
- QMs, QRMs and Steering
- Impact of the Fed's Rule
- Portfolio Loans vs. Non-Portfolio Loans
- Variations Based on Agency Funding or Channel
- Mortgage Broker Compensation
- Borrower Paid vs. Lender Paid
- Compliance Advice and Compliance Examples
The Fed has received thousands of questions regarding its final rule on loan originator compensation. This guide includes exclusive analysis from industry lawyers as well as guidance from Fed officials who helped craft the final rule.
Order Deciphering the New Loan Originator Compensation Rules today.