LO Compensation changing again?!? The CFPB has written a 37-page "outline" of a proposal that is (in their words) "trying to bring greater transparency to the market so consumer can clearly see their options and choose the loan that is right for them." As reported in the National Mortgage News, this is causing "Anger and Confusion". On this broadcast, David Lykken and Alice Alvey discussed what is known and how you can learn more. Your voice needs to be heard and this broadcast will help you respond in a way that is most effective.
Also, you can track developments by going to the LinkedIn discussion group call "Loan Originator Compensation and New Rules" for the latest discussion.
Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Alice Alvey providing a LEGISLATIVE UPDATE, Joe Farr with a MARKET UPDATE, Andy Schell (a/k/a "The Profit Doctor") providing valuable info on FINANCIAL MANAGEMENT and ROB KATZ of DMD, Inc. with the "THINGS YOU SHOULD KNOW ABOUT" report and TONY GARRITANO providing a TECHNOLOGY UPDATE.
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