LO COMPENSATION UPDATE (Part I) - We review comp plans that we are hearing about.

On today's broadcast, host David Lykken and his regular guests, Alice Alvey, Andy Schell & Joe Farr go into an indepth discussion about the issues realted to loan originator compensation which is the #1 issue challenging the mortgage industry today. They discussed the difference between the Fed's "New Rule" which is effective April 1st and Dodd-Frank which is effective July 21st. On this program they discussed the differences in L.O. comp plans starting to emerge from banks, large and small independent mortgage bankers and brokers. This is the first of a two part series.