Churchill Mortgage is now using LBA Ware's CompenSafe LO Dashboard to automate compensation, tracking and reporting for loan officers (LOs), processors and branch personnel.
The dashboard is integrated with the bank's loan origination system – Ellie Mae's Encompass – as well as its payroll system and can do nifty things like automatically calculate LO commissions and bonuses.
Other lenders using the solution include Residential Bancorp, Interlinc Mortgage, Pulaski Bank, Silverton Mortgage and Envoy Mortgage, LBA Ware says in a release.
‘CompenSafe has provided the support and tools necessary for us to run our commission reporting,’ reports Lisa Birmingham, vice president of information systems at Pulaski Bank, in the release. ‘There are so many ways commissions can be structured and paid to a loan officer. CompenSafe works with us to build schedules and allocations to support our commission structure.’
Churchill Mortgage's LOs and other staff are also benefiting from the solution's analytics and reporting capabilities, LBA Ware says.
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