LO Commissions after the Wall Street Reform Act

Sep 30, 2010

I have asked everyone I know in management from a dozen major mortgage companies about how they plan on compensating their LO's after the Wall Street Reform Act goes into place and all I get is "we don't know yet". Is anyone out there hearing about how the different companies are going to resolve the issue of not being able to pay the LO SRP or YSP, etc and how they are going to compensate their LO's? We all need to know this....

About the author

James Barnes

Link copied

Published

Sep 30, 2010

C-Suite Strategies

BOXABL Looks to Add Mortgage Lending to Its Homebuilding Business

The modular home manufacturer is pursuing a joint venture with OneTrust parent Warp Speed Holdings, targeting a 2027 launch

Modular home manufacturer BOXABL is looking to expand into mortgage lending through a proposed joint venture with Warp Speed Holdings, the parent company of OneTrust Home Loans, potentially opening a new origination channel in the growing factory-built housing market.The com...

Analysis and Data

Existing-Home Sales Hit 16-Year Low, More Declines May Be Ahead

October sales plunged 5.5% as high mortgage rates sidelined buyers, with economists warning the slowdown could extend into November and December closings

The housing market's fall slump is showing up in closed loans, and there may be more pain ahead for mortgage originators.Existing-home sales plunged 5.5% in October to a seasonally adjusted annual rate of 3.75 million, the weakest pace since August 2010, according to figures...