Automated Mortgage Lending Commission Calculations
CompenSafe really is an extraordinarily useful tool for tracking loans and compensation and for setting up comp structures. It has helped us manage all of this much more effectively.”
Say goodbye to managing payroll on spreadsheets.
CompenSafe simplifies your compensation process and removes the pain points associated with manually managing payroll on spreadsheets. It automatically calculates and allocates payroll per loan, employee, and pay period based on your compensation structures as soon as loans close. It easily handles all types of compensation structures including tiers, splits, adjustments, overrides, and lead source. With CompenSafe — no compensation structure is too complex.
Significantly reduce your payroll process by hours.
CompenSafe eases the manual calculations and dual data entry of managing your mortgage lending payroll on spreadsheets. By connecting all your data, you can manage, audit, analyze, and report commissions and bonuses from one place. Through automation, the time spent on completing compensation reports each payroll period is greatly reduced, giving you time to focus on generating revenue.
Save time with point-and-click payroll.
With the click of a button, you can export payroll files ready for immediate upload to your payroll processing system. CompenSafe comes with out of the box export files for ADP, Alliance Payroll Services AllPay, ExponentHR, Paychex, Paycom, Paycor, and Paylocity. In addition, you can export your general ledger journal for any pay date for AMB, FIS Bankway, Prologue, Multiview, and more!
CompenSafe saves my department over 100 hours per month.”
Commission calculations are going from complicated spreadsheet calculations to a simple push of the button.”
Where Spreadsheets Fall Short, CompenSafe Comes Through
Cross checking compensation agreements
Inherited risks associated with spreadsheets
Repurposing data for payroll processor
Continuous integration with your LOS
Pre-defined compensation schedules
Automatically calculates and records every transaction
Point-and-click exporting of itemized payroll data for any payroll processing system.
Contact us today to see why mortgage companies across the nation come to us for a software solution that saves time for commission teams, minimizes the amount of manual work, and enables your sales force to have a real-time view into their commission reports.