B-014 Quarterly Broker Compensation Policy Changes
FLCBank Compensation Policy and Changes to Compensation
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 6/29/2022. Changes to compensation become effective with rate locks on 7/01/2022.
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 6/2022).
If a change is desired, please submit all Lender Paid Compensation Addendums to TPO Administration: brokerdata@flcb.com