Recent Circuit Court of Appeals Ruling Vacates U.S. DOL’s MLO Administrator Interpretation

A recent court decision vacates the Department of Labor’s Administrator Interpretation on Mortgage Loan Originators. The weekly Compliance Report has details.

Most Mortgage Loan Officers Must be Paid Overtime

A U.S. District judge in Washington, D.C., recently upheld the DOL administrative interpretation that says mortgage loan officers are not exempt from overtime under the Fair Labor Standards Act, a ruling that will impact many credit unions.

Examining Mortgage Loan Officer Compensation

Two recent regulatory actions highlight the significance of reviewing how you compensate your Mortgage Loan Officers.

Examining Mortgage Loan Officer CompensationCopy

Two recent regulatory actions highlight the significance of reviewing how you compensate your Mortgage Loan Officers.