The plan is effective for a month. Loan originator is not required to change or reaffirm its’ compensation level every month. Unless JMAC Lending Inc receives written notice of the Loan Originator’s selection of a different compensation plan level within the election window, the Loan Originator with JMAC will automatically renew for the next month.
Loan Compensation Plan Policy and Agreement (pdf 7/29/2011 – required for new broker applying with JMAC)
Loan Compensation Plan (pdf 7/29/2011)
Loan Compensation Plan (fillable 7/29/2011)
Loan Compensation Reference (revised 7/29/2011)
HUD GFE Sample Related MLO Compensation Rules