Broker Compensation Change Form
Wholesale broker agreement form to modify borrower-paid or lender-paid broker compensation tier in accordance with CFPB loan originator rules.
Packaging & Submission Instructions
Originator Guidance: Complete and execute this form prior to upload with the initial loan submission package in the Corva Wholesale Broker Portal or Fannie Mae Desktop Originator.
Ensure all borrower signatures, entity documentation (for LLC or corporate borrowers), and applicable disclosures match the 1003 loan application. For assistance packaging this document, contact the Corva Broker Operations Desk at [email protected].
Form Description & Requirements
Originator Compensation Rules
Under CFPB Regulation Z (12 CFR § 1026.36), wholesale broker compensation must follow rigid non-steering and compensation rules. This form allows approved broker partners to modify their compensation election between lender-paid and borrower-paid plans, or adjust quarterly lender-paid basis points within allowed policy windows.