panelist

Richard J. Andreano, Jr.

Program

Mr. Andreano will join a panel to discuss the latest developments surrounding the Loan Originator Compensation Rule. The presentation will conclude with a wrap-up and Q&A session, following a short lunch break. Topics for discussion will include: 

  • Overview of CFPB final rulemaking and subsequent clarifications 
  • Areas still open to interpretation 

    - Definition of “loan originator” 
    - Different commissions by loan type 
    - Loan originator clawbacks 
    - Branch manager overrides
    - Compensation based on branch profitability
    - Compensation based on type of lead 
    - Incentives and bonuses 

  • Recent enforcement actions 

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Related Practices

Business and Finance
Mortgage Banking