Originators ... Could You Lose $1 Million on Your Next Audit?

I know that sounds outrageous but it could easily happen. Under the new Loan Originator (LO) Compensation rules, your state auditor and the Consumer Financial Protection Bureau (CFPB) will be looking to see if you have complied. The penalties are huge. The regulator could require you to give back three times the compensation or gain on the loan EVEN IF THERE ARE NO DAMAGES!Click to continue