A huge selection of home loan execs ask CFPB to improve LO pay rules

A huge selection of home loan execs ask CFPB to improve LO pay rules

MBA people push for loan officers compensation modification

Very nearly 250 senior executives at a few of the nation’s mortgage companies that are largest want the federal government to produce modifications to your guidelines surrounding how they’re permitted to spend their loan originators.

A week ago, the set of home loan execs (organized by the Mortgage Bankers Association) delivered a page towards the customer Financial Protection Bureau, calling regarding the bureau to improve its Loan Originator Compensation guideline.

The executives write that changes towards the LO Comp guideline must be the CFPB’s “top priority. […]