Deciphering the New Loan Originator Compensation Rules
2012 MAY 20 - (VerticalNews.com) -- Dublin - Research and Markets (http://www.researchandmarkets.com/research/dfw3lh/deciphering_the_ne) has announced the addition of the "Deciphering the New Loan Originator Compensation Rules" report to their offering.
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.
Keywords: Research and Markets.
This article was prepared by VerticalNews Internet editors from staff and other reports. Copyright 2012, VerticalNews Internet via VerticalNews.com.