ISSUE: Borrower Paid Pricing Lock keeps reverting to a different amount.
The broker is trying to change the compensation (comp) plan to 2.75 (borrower paid), but it keeps reverting to a different amount.
Product Comp Plan Based On Amount Of LPC
At our company, our system enforces a limit on Business Performance Comp (BP comp) based on the Lender Paid Compensation (LPC) amount. This is in line with our policy and can be modified up to the maximum plan agreed by the brokerage or owner.
Updating Comp Plan
If you need to update your compensation plan, a revised LPC form by the broker or owner will be required.
Additional Resources
Please reach out to your Account Executive for additional information on comp plans or to request any changes to your current agreement.