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If a loan officer originates a mortgage loan after March 31, 2009, can the loan officer be compensated for the mortgage loan origination without the loan officer being a loan officer registrant?

April 26, 2017Compensated loan march 31 march 31 2009 mortgage loan officer originates Origination registrant

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If a loan officer originates a mortgage loan after March 31, 2009, can the loan officer be compensated for the mortgage loan origination without the loan officer being a loan officer registrant?

1 Answer

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No. Only loan officer registrants can be compensated for mortgage loans originated after March 31, 2009.