Richard J. Andreano, Jr.


The Consumer Financial Protection Bureau has just released its final rule on loan originator compensation. The rules build on regulations put into effect by the Federal Reserve nearly two years ago, but add some new gray areas. Loan originators cannot be compensated by more than one party to a transaction but brokers can pay commissions. Pricing concessions are forbidden, but originators can reduce their compensation to offset some unexpected increases in settlement costs. New qualification standards apply regardless of who employs the originator, but licensing and registration requirements remain unchanged. And anti-steering prohibitions are nowhere to be found.

In this webinar, Mr. Andreano joins a panel that will show you where the dividing lines are and how your procedures need to change to stay on the correct side.

Click here for more information.

Related Practices

Consumer Financial Services
Mortgage Banking