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#1721840 - 07/20/12 02:53 PM MLO Compensation
BankerChic24 Offline
Junior Member
Joined: Jul 2011
Posts: 45
All of our MLO's are now paid an hourly rate. However we recently hired a new originator that will be a branch manager in addition to an MLO. Is there any problem with this individual being paid a salary rather than hourly? They are already registered with the NMLS.
Success is getting what you want, Happiness is wanting what you get...

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#1721842 - 07/20/12 02:58 PM Re: MLO Compensation BankerChic24
TMatt87 Offline
Diamond Poster
Joined: May 2011
Posts: 1,932
No issues as long as they aren't paid based on the terms of the loans.
All opinions are my own, not my employer's

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