TopMortgage Compliance Update (1)
 

            June 13, 2011   

                                                         FAQs OUTLINE
                                             Loan Originator Compensation

                                             Update: 335 FAQs - 100 Pages    


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The update to the most comprehensive  

Questions and Answers analysis is now available:   

 

FAQs Outline - Loan Originator Compensation

 

Release Update: June 13, 2011


The FAQs cover virtually all areas of the new Rule regarding Loan Originator Compensation.

FAQs Outline

Loan Originator Compensation

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Star-Blinking-1335 Questions and Answers

 

Star-Blinking-1100 Pages

 

Star-Blinking-112 Months Updates

 

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SOME NEW FAQs 

  • How is the origination fee used by a broker to receive compensation?  
  • What is the "salary" that must be paid to a loan officer employee?  
  • How should overtime pay be calculated for loan officer employees?  
  • What are the remedies for not paying overtime to a salaried loan officer employee?  
  • What are the implications for the administrative exemption?
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Suite of Services and Specializations

Mortgage Compliance                 Compliance Administration

 

Defaults and Claims Reviews        Forensic Mortgage Audit®

 

Mortgage Defaults Task Force       Mortgage Quality Control

 

FHA Examinations               State and Federal Examinations

 

Mortgage Due Diligence     FNMA|FHLMC|GNMA Applications

 

Legal Reviews & Remedies          Loss Mitigation Compliance

 

Sarbanes-Oxley Compliance           HMDA & CRA Processing

 

Mortgage Fraud Audit                   Disaster Recovery Plans

 

CORE Compliance Matrix®                         Statutory Licensing

 

Business Development                Information Security Plans

 

IT & IS Compliance                                     RESPA-AfBAs

 
Lenders Compliance Group is the first full-service, mortgage risk management firm in the country, specializing exclusively in mortgage compliance and offering a full suite of hands-on and automated services in residential mortgage banking.

We are pioneers in outsourcing solutions for mortgage compliance.

This communication is sent to our valued clients and colleagues, who regularly receive our Mortgage Compliance Updates, Compliance Alerts, and Commentaries.


These publications are free to subscribers. Information contained herein is not intended to be and is not a source of legal advice.


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