Routing audio to external effect is recording audio AHEAD of the grid

I have set up an analog compressor as a hardware effect. Audio from a mono channel is routing correctly out and back in to a second channel recording the effected audio. Win10, Cubase 14 Pro, Motu 828ES. The problem is that the recorded audio is BEFORE the grid. Latency of the effect is being reported as 1.56ms (tested in an empty project and in the active project). I have added a screen shot as an attachment.

cubase timing effect|690x460