B-015 2024 Compensation Policy and Changes to Compensation
FLCBank 2024 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 12/29/2023. Changes to compensation become effective with rate locks dated 1/01/2024.
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.
A valid business reason is required for any requested change, which can be provided at the bottom of the request form. This section is mandatory; and cannot be left blank or incomplete, or FLCBank will be unable to process the change request.
Click here to download the updated Compensation Selection Addendum (rev 12/2023).
If a change is desired, email all Lender Paid Compensation Addendums with changes effective January 1, 2024, to brokerdata@flcb.com