When the Loan Originator Compensation and Anti-Steering Rule was implemented in April, it came abundantly packed with confusion and misunderstandings. Since it was originated by the government, no one was particularly surprised that interpreting real-life applications of the rule was going to cause problems.
It’s been over 5 months now and the industry is still trying to figure out how various scenarios play out with this rule. At Calyx, we make our screens very user-friendly and easy to follow, but if you’re still not sure where to enter certain things, you are not alone.
That’s why we have put together a Knowledge Base article that will walk you through entering lender compensation in Point.
If you’re still uncertain, call our loan support team at 800-342-2599 and they can help you complete your required screens.