Transcription of Originator Compensation and the Fed Rule …
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Originator Compensation and the Fed Rule …
Originator Compensation and the Fed Rule Webinar Q &A _____Questions answered are not intended as legal advice. Please consult legal counsel for answers specific to your circumstance. 1 This document contains Q &A for the Calyx Software Webinars held Feb. 22 & Feb. 23, 2011 Dual Compensation and Hourly Wages 1. Do you think we can pay MLOs a flat rate of say 1% and also an hourly rate? Yes 2. Do LO's have to be paid a salary or hourly rate on either Borrower paid or Lender paid Compensation ? If so, how many hours per week?
Originator Compensation and the Fed Rule Webinar Q &A _____ Questions answered are not intended as legal advice.
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