Lender Paid Compensation Sample Clauses

Lender Paid Compensation. Borrower paid compensation. Borrower paid broker compensation may include seller concessions. Borrower paid compensation is negotiated by the broker directly with the borrower and may vary on each individual loan transaction but, may not exceed the amount that the broker selects for its lender paid broker compensation. The amount is set with the borrower at the time of application and may not change. By choosing to be paid by the borrower, the broker may not receive any compensation directly or indirectly from any other party or entity to the transaction, or outside the transaction, including the lender. Lender Paid Broker Compensation. When the Lender pays the Broker’s compensation, the Broker will be paid according to the Lender paid broker compensation plan. The Broker may select a Lender paid broker compensation plan with a percentage beginning at one percent (1.00%) which is available in increments of one eighth of one percent (0.125%) up to a maximum of three percent (3.00%). Lender has the sole discretion to limit compensation to borrower paid only if the broker does not meet initial approval guidelines as an exception to be approved. Broker may choose to limit the amount of Compensation below the maximum allowed by Lender as long as it is consistent on every loan funded by Lender. Please select the maximum compensation to be received on any loan up to 3.000%:
Sample 1
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Lender Paid Compensation. For any loan submitted to Lender that Broker requests to be paid by Xxxxxx, Broker shall not be compensated, directly or indirectly, based upon the mortgage transactions terms or conditions, except the amount of credit extended.
Sample 1
Lender Paid Compensation. At the time of Loan submission Broker will be required to choose either the Borrower- Paid or Lender-Paid Compensation box provided on MSC’s Wholesale Submission form. In addition, Broker will be required to choose the appropriate compensation source by selecting either the Borrower-Paid or Lender-Paid Compensation option provided in MSC’s automated pricing system. Payment of compensation must be properly disclosed according to all legal and regulatory requirements.
Sample 1
Lender Paid Compensation. Lender-Paid Compensation is defined as compensation paid to Broker directly or indirectly by MSC. When Broker chooses Lender-Paid Compensation, Broker’s compensation will be calculated as a percentage of the loan amount at the time of loan consummation, and paid in accordance with the Addendum in effect at the time of loan application. Lender-Paid Compensation plans must comply with current MSC policies and procedures as outlined below: Lender-Paid Compensation for all loan products other than Agricultural will be set at percent ( %) of the principal loan amount. (MSC max 2.25% for Non TIER 1 / TIER 2 brokers) Broker Initials Maximum compensation $ (N/A is acceptable) The lesser of the Lender Paid Compensation or the Maximum Compensation will be paid. All Agricultural products must be disclosed with Borrower-Paid Compensation. On all Lender-Paid Compensation, Broker compensation amount may not vary per loan terms or conditions. MSC is bound by the terms set forth in this Addendum and will not pay more or less than agreed upon. Notwithstanding the exception for loan originator reduction in compensation to cover unforeseen increases in settlement costs pursuant to the Xxxx-Xxxxx Loan Originator Rule, Broker further agrees that by choosing Lender- Paid Compensation, Broker will not be allowed to raise or lower his compensation to offer credits toward third-party closing costs, give a borrower credit at closing, or credit the Borrower or any representative any portion of compensation inside or outside of this transaction closing.
Sample 1
Lender Paid Compensation. In consideration for the loan origination services provided by the Broker on behalf of the Borrower, at the time of Loan Settlement, Liberty bank will pay Broker the following compensation for services provided with respect to each loan. The Broker fee selected for the calendar quarter commencing on April 1, 2020 based on a percentage of the loan amount is: (circle one) 1.000 1.625 2.250 1.125 1.750 2.375 1.250 1.875 2.500 1.375 2.000 2.625 1.500 2.125 2.750 Borrower-Paid Compensation: In consideration for the loan origination services provided by the Broker to the Borrower, Broker may receive compensation from Borrower based on a fixed percentage of the loan amount not to exceed their Lender-Paid Compensation Election. Subject to the Lender-Paid Compensation election limitations, Xxxxxx will negotiate directly with the Borrower to determine the fixed percentage to be paid to the Broker. Any seller paid contributions are considered borrower-paid compensation. Broker’s Agreements: Xxxxxx understands and agrees that:
Sample 1

Related to Lender Paid Compensation

  • Extra Compensation 1. CTSO Advisors will be paid twenty-five ($25) per hour (capped at eight (8) hours per day) for non-discretionary CTSO activities (e.g., conferences, conventions, and competitions) involving students on days not scheduled as part of the regular school year calendar.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Shift Differential Compensation Any employee in the bargaining unit whose assigned work shift commences (for unit-1) prior to 5:30 a.m. or whose work shift ends after 5:30 p.m., or (for unit-2 members) commences after 2:00 p.m. shall be paid a shift differential premium of five (5%) percent above the regular rate of pay for all hours worked.

  • Show-Up Compensation An employee who is scheduled for work and reports for work, except for situations addressed in Article 123--Inclement or Hazardous Conditions, and is released from work shall be paid the equivalent of two

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if:

  • Holiday Compensation 1. Those employees working a five-day per week schedule with Saturdays and Sundays as normal days off shall receive cash payment for eight (8) hours per holiday subject to the conditions of this article.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Callout Compensation A regular employee who is called back to work outside their regular working hours shall be compensated for a minimum of three hours at overtime rates. They shall be compensated from the time they leave their home to report for duty until the time they arrive back upon proceeding directly to and from work.

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