Loan Officer Compensation and Your Maryland Audit

Trying to better understand how Maryland will take into consideration the many issues associated with the new Loan Officer Compensation rules when conducting audits of licensees, leaders of MAMP met with representatives of the Division of Financial Regulations (DFR) to discuss the matter. Participating were (left to right): John Geilfuss of Maranatha Mortgage; Brooks Bosley, MAMP President; Eric Gates of Apex Home Loans, MAMP Past President; Richard Younger, DFD Lead Examiner; Christine Brooks, DFR Examiner; Elizabeth Anne Larney, Compliance Officer for Corridor Mortgage Group; Anne Norton, Deputy Commission DFR; and Chic Reid of Florida Capital and MAMP President-Elect. More details will be send to MAMP members soon.