B-006 2nd Quarter Compensation Policy and Changes to Compensation
ATTENTION BROKERS
FLCBank allows adjustments to compensation once a quarter; four total adjustments per calendar year. Any requests submitted on the wrong form or without a reason included will not be accepted.
Upcoming Compensation Adjustment Date:
To make an adjustment your request must be submitted to FLCBank on or before the following:
- Quarterly changes to Compensation must be received by FLCBank TPO Administration by 3/29/2022.
- Changes to compensation become effective with applications dated 4/01/2022 and after.
Please note this change: Where necessary, to comply with Truth-in Lending and High-Cost Mortgage Regulations; FLCBank may reduce compensation on an exception basis.
FLCBank requires a valid business reason for requested changes. To make this process as simple as possible there is a section located at the bottom of the request form. This section is mandatory; if blank or incomplete, FLCBank will be unable to process the change request.
Click here to download the updated Compensation Selection Addendum (rev 3/2022).
If a change is desired, please submit all Lender Paid Compensation Addendums to TPO Administration: brokerdata@flcb.com