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GCA Forums News For Monday March 2 2026
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<div>GOOD AFTERNOON, Have a question about mortgage brokers entering into a TPO with wholesale lenders. Normally, mortgage brokers agree on a compensation plan with the maximum being 2.75%; Once you set a compensation plan, you cannot change the lender paid compensation and need to stick with 2..75%. If individual loan officers want to enter into a lower compensation they need to do it as borrower paid. I am doing by due diligence on which mortgage broker I want to be sponsored as an independent NMLS mortgage loan originator/own P and L. Some companies have their max compensation set at 2.75% while others have it at 2.50% YSP. I realize the lower the comp the lower the rate for the borrower. Can you take several case scenarios and go over the benefit of taking a 2.75% comp versus a 2.50% comp? Is the rate that much lower to the borrower by reducing the 25 basis point?</div>
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