The update to the most comprehensive  

Questions and Answers analysis is now available:   

FAQs Outline - Loan Originator Compensation

Release Update: June 27, 2011

350 Questions and Answers

105 Pages

12 Months Updates

Email Notification for Updates

Download Directly from Secure Portal

SOME NEW FAQs 

• Is there a chart that outlines the application of seller concessions or contributions?

• Is there a chart for disclosing originator compensation on the Good Faith Estimate?

• Is there a chart for applying broker credits to the borrower?

• Is there a chart for applying limits to interest rate credit (above par pricing)?

• Is there a chart for determining the broker compensation amount?

• In a compensation tier, may an interest rate be chosen below the originator's tier?

• May an interest rate below a compensation tier require the borrower to pay the discount?

• In a delayed closing, how is a rate lock extension treated?

• Why do many lenders pay compensation based on lock date versus the origination date?

• How does a lender monitor that a premium does not pay the loan originator's fees?

    Get the FAQs: $125