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Dual Mortgage Origination Structure-Compensation

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I would like to know if there are any regulations relating to commission-paid employees, namely "internal" versus "external" mortgage originators. Internal business is through branch referrals and external sources; external business is where we market the customer base directly but business is developed mostly outside of the bank (no branch referrals). Is the commission or referral structure regulated or is it a matter of organization structure?

The compensation of your employees/originators would be based on your organizational structure.

First published on 4/18/05

First published on 04/18/2005

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Filed under lending as: 

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