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An Inside Mortgage Finance Webinar
Solving the LO Puzzle: The Do's and Don'ts of Compensation
Thursday, Feb. 26, 2:30 pm ET Setting compensation for mortgage loan officers has never been easy. But this year the twin challenges of increased competition and a tough regulatory environment have created a business puzzle that is extremely tough to solve. In particular, the intricacies of the Consumer Financial Protection Bureau's loan originator compensation rules – now a year old – raise more questions than answers about how to attract top-producing LOs without violating the law. While some of the restrictions on LO compensation are demarcated by bright lines, others are less cut and dry. As a result, recruitment and incentive plans may garner only thumbs down at one lender while across town what seems to be the same approach gets put in place by a competitor. At the same time, the CFPB has signaled it will be tough on LO comp issues, bringing enforcement actions based on the Federal Reserve's older and arguably much simpler rule. All this makes finding a winning formula a hard task, particularly in a market characterized by fewer mortgage originations and increased competition. Learn more about what triggers compensation rule violations—and what types of incentives pass the current regulatory test—at the Inside Mortgage Finance webinar "Solving the LO Puzzle: The Do's and Don'ts of Compensation" on Thursday, Feb. 26, 2:30 pm ET. During the webinar, our experts will answer YOUR questions, which you can start submitting as soon as your webinar registration is confirmed. The panel of experts includes: + Richard Andreano, Mortgage Banking Group Practice Leader, Ballard Spahr
+ Amy Durant, Member, Bodman
+ Kristie Kully, Partner, K&L Gates Among the topics we'll cover during the 90-minute webinar: Have a question
you'd like our panel
to address?
Register now
and pose your question
before the webinar. | - Reducing compensation because of errors or unforeseen costs
- Varying compensation by product type
- Referrals
- Bonuses
- Splitting commissions
- Using compensation to control origination quality
- Pick-a-pay compensation plans
- Changing compensation plans
- And your question submitted before or during the webinar!
Your Webinar registration includes these added benefits: - Webinar attendance for you and your entire team;
- A webinar manual with a program outline, speaker bios and presentations, and pertinent articles on the subject from Inside Mortgage Finance and our other newsletters;
- A full transcript, emailed to you when you take our post-conference survey; and
- The opportunity to ask your question of the panel before or during the webinar.
Cancel before 5:00 pm ET 2/24/15 for full refund less $25 fee. You will receive an email confirmation and instructions on submitting your pre-webinar questions shortly after completing your registration. You may also contact us at (301) 951-1240. Two Ways to Register: 1. REGISTER ONLINE 2. REGISTER BY PHONE: Call Erika at 800-570-5744 or 301-951-1240. Our Customer Service representatives can answer any questions and register you in minutes. For one low rate you and your entire staff (in one room) can participate in this exclusive Inside Mortgage Finance webinar without ever having to leave your office. You'll come away with firsthand, actionable information. NOTE: Call for discounted rates for multiple sites.
What Is a Webinar?
It is a live event in which you listen to presenters either through your phone or through your computer while viewing their presentations online.
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