ContractOriginator Compensation Policy • June 3rd, 2018
Loan Originator Compensation Policy & Agreement This Loan Originator Compensation Policy & Agreement (“Agreement”) is presented to and acknowledged by (“Broker”) doing business with LSM as of WHEREAS, the terms and conditions of this Agreement shall apply to all Covered Transactions; WHEREAS, it is understood by Broker that it is the policy of LSM to comply fully with the Compensation Rule, which means, among other things, that LSM will not pay Compensation to a Loan Originator based on the terms of a Covered Transaction, or a proxy for a term, nor LSM pay Compensation to a Broker if it has received Compensation from the borrower; and, WHEREAS, Broker will be given a plan to execute that will outline the Compensation terms allowable under the terms of this Agreement (the “Compensation Plan”). The Compensation Plan is attached as exhibit A. NOW, THEREFORE, in consideration of the promises and mutual agreements set forth herein, and for other good and valuable consideration, the receipt
