HousingWire Daily James Kleimann on a widespread LO comp practice that might be illegal
Jan 3, 2024
James Kleimann, Managing Editor at HousingWire, discusses loan officer compensation and the potential illegality of manipulating lead sources. They explore the impact of market conditions on loan officers' practices, compliance implications, and the widespread manipulation of borrower compensation in the mortgage industry.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 3min
Exploring LO Comp Rules and Their Impact on Pricing
02:37 • 6min
Loan officers' illegal practice of lowering compensation
08:12 • 3min
Loan Officer Compensation Practices and Compliance
11:26 • 4min
The Widespread Manipulation of Borrower Compensation in the Mortgage Industry
15:36 • 7min