Question of the day...
Management wants to incentivize mortgage loan officers to bring in deposits. According to initial discussions, this will not be tied to loan in any way.
The LO will receive a percentage of deposits over a certain amount brought in by referring people to the deposit side.
It's not tied to loans... but is there an issue with this under the LO compensation rules?
The opinions expressed are mine, do not represent the opinions of my employer, and they are not to be taken as legal advice.