Register Today @ http://www.uwmco.com/webinar.php
No Comments »
Filed under: UWM's View on Compensation Change
UWM’s View on the New Compensation Plan
No Comments »
Filed under: UWM Video's, UWM's View on Compensation Change
Birmingham Mi – Mathew Ishbia Executive Vice President.
Our offices have been overwhelmed with inquiries about pending changes and how they will impact mortgage brokers and the staffs they represent. The last several years in the mortgage industry have demanded hard work and a camilean like quality in order to strive forward and succeed in this industry. UWM has faced all of these challenges and changes with ease, while constantly supporting our Broker Network with the knowledge and training needed to continue originating without missing a beat.
The newest challenge has been posted, the Fed has moved forward with leveling the mortgage playing field. All loan originators will be required to provide Respa and Tila disclosures to all borrowers, this will regulate and monitor all mortgage transactions in attempt to protect the consumer from unscrupulous lending practices. The opportunity to earn an excellent living in the industry we love will continue for Brokers. Originators will be able to establish a compensation agreement with the Lenders. The choice is yours, either the borrower will be able to compensate you or the lender will be able to compensate you.
The new calendar year will be an exciting transition, opportunities will be endless as a Loan Originator. Remember UWM is here to serve your mortgage needs, and help you succeed in this ever changing industry. UWM will post available webinars for your convenience to review and discuss Fed revenue rules and regulations in the first quarter of 2011.
No Comments »
Filed under: UWM's View on Compensation Change
