A class action lawsuit filed this week against loanDepot, alleging steering and violations of loan originator (LO) compensation rules, has brought to light practices used by lenders for years that ...

The Community Home Lenders of America (CHLA) is proposing that the U.S. Congress scale back the loan originator compensation rule to its original intent: prohibiting yield spread premiums, an abusive ...

The Mortgage Loan Originator Rules, among other things, prohibit compensation to loan originators that is based on the terms of a mortgage transaction (or proxies for terms), prohibit a loan ...

Many residential mortgage lenders currently have loan compensation plans that provide for a payment to loan originators of one commission amount for loans funded by the lender, and a smaller ...

LO comp sounds simple. You close loans, you get paid. But between Reg Z, expense accounts, team splits, recruiting overrides, servicing income, and the fine print buried in every Loan Originator ...

Mortgage litigation & enforcement defense that means business! Cornered by repurchase demands? Watching key employees walk out, straight to a competitor? State or federal regulators knocking?