Part 4 of 7: The Loan Officer Compensation Rule

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In the past, the lending world wasn't always transparent. Before the mortgage meltdown we saw last decade, many loan officers recommended loans simply because their commission splits were higher. They didn't have the best interests of their clients at heart, but the Dodd-Frank Act changed all of that. These days, lenders are compensated the same no matter what kind of loan product they sell to their clients. To learn more about the Loan Officer Compensation Rule and why it's so good for homebuyers, watch this short video.

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