Final answer:
The Loan Originator Compensation Rules defines compensation to include salaries, bonuses, and commissions earned by a mortgage loan originator, as well as fees charged and retained by the originator, but not include awards, services, trips, and similar benefits received by the originator, or payments for services other than loan origination services.
Step-by-step explanation:
The Loan Originator Compensation Rules defines compensation to include salaries, bonuses, and commissions earned by a mortgage loan originator, as well as fees charged and retained by the originator. However, it does not include awards, services, trips, and similar benefits received by the originator, or payments collected by a mortgage company for services other than loan origination services.