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In Response To:
Thread Starter: BeachGirl
Title: Re: fair lending

Our mortgage loan officers have the ability to set pricing and fees at their discretion.  Their compensation is based on the total revenue of the loan (SRP + YSP + ORIGINATION FEE + POINTS).  I know that this is a big red flag and I have already expressed this to the powers that be.  My question is how do all the other banks structure their risk base pricing and how do they pay their loan originators. I need some hard evidence that not every bank in America is paying their loan officers this way and allowing them to set pricing & fees.  I have to come up with a plan that will eliminate the fair lending issues, but allow the LOs to make money!  Please share your plans with me so that I can give them alternatives!  Thanks!