in Blog, CompenSafe, Software Updates by Kelley Mangel

CompenSafe Update – April 18, 2016

NEW! Auto Draw

compensafe-new-auto-draw

Create recurring draw transactions for automatic draws (debits to employees) and guaranteed minimums (credits to employees). Included in this new CompenSafe payroll feature is the ability to:

  • Automate non-recoverable draws,
  • Automate recoverable draws & set recapture date, &
  • Assign to all employees including loan originators, assistants, professors, sales managers, branch managers, underwriters, and more.
To create a new Auto Draw,

  1. From the CompenSafe menu, click Payroll.
  2. From the Corporate Administration of Commission Compensations page, click Draws and Carry-Over Balances.
  3. Click Add New Auto Draw.
  4. From the Auto Draw page, create the new draw as per the employee’s compensation agreement. Then click Save.
For more information about the new Auto Draw and to see examples, read the CompenSafe Auto Draws article in our Knowledge Base.

NEW! Payroll Reports

Revenue Branch Summary: This new payroll report summarizes revenues earned per branch per payroll period. To access this report,

  1. From the CompenSafe menu, click Reports.
  2. From the Report Directory, click Payroll.
  3. Click Revenue Branch Summary.
Revenue Detail: This new payroll report summarizes revenues earned per loan per payroll period. To access this report,

  1. From the CompenSafe menu, click Reports.
  2. From the Report Directory, click Payroll.
  3. Click Revenue Detail.

COMING SOON

NEW COMPENSAFE MENU

CompenSafe New Menu mockup

A new and improved menu is coming to CompenSafe. The new menu is better organized to help you get to where you need to be faster. Learn where all your favorite resources are located in the new & improved menu.
You can also check out the New CompenSafe Menu section in the Knowledge Base for documentation on the new menu. 

Not using CompenSafe? Request a live demo to learn more about our automated mortgage compensation and loan pipeline management software.

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