MLO Compensation Review

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rohorton

Has anyone performed a review of MLO compensation (eg: the agreements in place, the reporting of commissions and the validation of commissions, etc)?  I am doing this type of a review outside of a SAFE Act audit to validate our controls and the accuracy of the process in place. I would be interested in knowing if there are any HR compensation regulations I should be aware of, observations you may have made that I might incorporate into my planning and testing, words of wisdom, etc.  Please contact me via email: hortr@hvfcu.org.Thank you!Rosemary