Mortgage Banker's Compensation Strategy Exposed!

Andrew T Berman

Mar 25, 2011

I wanted to share with you some insights on how one of our supporters and one of the Country's top mortgage bankers is finding a way to work with the LO Compensation rule changes. They exposed their compensation strategy to the public in the videos below. Here's part two...

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Published

Mar 25, 2011

Regulation and Compliance

MISMO Seeks Comment On Updated Industry Loan Application Dataset

Wants feedback on the latest version of its Life of Loan Process Model.

The Mortgage Industry Standards Maintenance Organization (MISMO) is seeking public comment on the latest version of its Life of Loan Process Model. The 30-day comment period will run through April 26, the organization said Monday. MISMO Life of Loan is an interactive busi...

Analysis and Data

Fannie Mae Transfers Credit Insurance Risk On $31.8B In Loans

CIRT 2023-2 and CIRT 2023-3 transferred a combined $926 million of mortgage credit risk to private insurers and reinsurers.

Fannie Mae said Monday it has executed two credit insurance risk transfer (CIRT) transactions with a combined value of $31.8 billion. As part of Fannie Mae’s effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market, CIRT 2023-2 and CIR...