So, other than it possibly being a bad idea in general, is there any regulatory prohibition from paying an MLO an incentive to close there loans in a shorter timeframe?
Senior management wants to clear up some loans in the pipeline before year end, so they want to offer LO's $100 per loan that can be closed by year end. Any violation of MLO rules? I didn't see anything specific that addressed this, but you can never be sure so I thought I'd ask here, thanks.
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Giddy up.