Loan Originator Compensation 1099 v W2 Webinar Recording

Overview

This LIVE webinar will review originator classifications (W-2 vs 1099).

This is NOT just a California thing! Based on the recent California Dynamex Case, a new CA law (Assembly Bill 5) passed and becomes effective January 1, 2020.

Misclassification of W-2 employees as 1099 independent contractors can be a costly mistake for mortgage companies and every state will be affected by this case.

Non-depository mortgage lenders and brokers are growing marketshare. The bigger we are, the more scrutiny we will face.

In this webinar we discuss:

The “ABC” test to determine proper worker classification
The Memorandum of Understanding between the IRS and the Federal Department of Labor
Why this issue is important for all states and the federal government
How employers get caught
Back taxes, penalties and interest – a financial burden you may not recover from
Why we expect more enforcement than in the past
What you should do TODAY to protect your business

Curriculum

Instructor

Debra Killian

Debra Killian, a seasoned Mortgage Loan Originator, Course Developer, and Instructor combines her extensive 35-year background in residential mortgages, real estate, banking, and accounting to excel in the mortgage industry. An alumnus of Western Connecticut State University with a B.B.A. in Accounting,

Debra has been a transformative figure in residential mortgages since 1994, overseeing and managing over $1 billion in real estate loans. Her unique educational and professional journey has positioned her as a dynamic and effective trainer in the mortgage and real estate sectors, offering tailored courses that use mortgage competencies in building long-term relationships with customers and real estate professionals.

A trailblazer in mortgage education, Debra co-authored pivotal NMLS-approved courses, including the 20-hour Pre-licensing SAFE Act course in 2010 and The Mortgage Professional for the same curriculum in 2011. Her contributions continued with co-authoring the MBA's School of Loan Origination and mortgage and real estate continuing education classes.
Debra relentlessly pursues the latest industry trends and regulatory changes, ensuring her courses, both new and existing, are continuously updated and aligned with current standards and practices.

Debra's leadership extends beyond her immediate professional sphere, evidenced by her past roles in the CT Mortgage Bankers Association, the National Association of Mortgage Professionals (NAMB) and various real estate associations.

A sought-after speaker, Debra lends her expertise to various professional groups and is dedicated to developing and delivering custom courses, reflecting her passion for education and industry advancement.

She and her husband Donald DeRespinis, own Charter Oak Systems, LLC which operates Cloes.online, and online education provider for pre-licensing courses required by the Secure and Fair Enforcement ACT (SAFE) Her passion is providing mortgage loan originators competency based training and professional development courses to all elevate mortgage loan originators. In addition to NMLS required courses, Debra and Don provide an array of compliance training to help companies comply with federal and state laws.