LO Comp Rule

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Law firm works with MBA’s Action Alliance to pursue regulatory relief

Jul 01, 2019By

The Consumer Financial Protection Bureau’s Loan Originator Compensation rule has proven to be a controversial topic among mortgage lenders. Nearly 250 senior executives organized by the Mortgage Bankers Association sent a letter to the CFPB asking for significant changes to the rule last year. Lenders continue to push toward an LO comp rule change as it presents multiple challenges in today’s mortgage environment. Black, Mann & Graham, one of Texas’ largest document preparation law firms, provides lenders training on LO comp issues and is working with the MBA’s Action Alliance to pursue regulatory relief.

3d rendering of a row of luxury townhouses along a street

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