Do You Want to Save 100 Man-Hours Per Month?

in Blog, LBA News by Lindsey Neal

Do You Want to Save 100 Man-Hours Per Month? Meet Patty. Patty manages payroll for a growing mortgage lender with multiple branches across the country. Patty has been with the organization for several years and, while she loves her job, one of Patty’s biggest pain points is managing LO compensation. To be competitive in the markets where it operates, branch managers customize their LO compensation plans, resulting in highly complex comp plans with multiple variables Read More

Advanced Technology Development Center Adds LBA Ware to Its ATDC Signature Portfolio (Press Release)

in Blog, LBA News, Press Release by Lindsey Neal

Advanced Technology Development Center Adds LBA Ware to Its ATDC Signature Portfolio Promotion vaults LBA Ware into next stage of ATDC’s Georgia-focused technology incubation program MACON, Ga., October 12, 2017 – LBA Ware™, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced that the Advanced Technology Development Center (ATDC) — Georgia’s technology incubator — has accepted LBA Ware into its ATDC Signature portfolio. As an ATDC Read More

Lori Brewer Talks Entrepreneurship

in Blog, LBA News by Lindsey Neal

LBA Ware’s Lori Brewer Talks Entrepreneurship with MMM Tech Law, Creative Catalyst Even with LBA Ware’s tremendous recent growth, the company’s salad days are still fresh in the mind of Lori Brewer. Recently, Lori shared her thoughts on and experiences with founding a FinTech start-up for Morris, Manning & Martin, LLP’s SE Tech Podcast and Creative Catalyst, a weekly radio program focusing on Central Georgia entrepreneurs. Check out the interviews below:

Digital Isn’t Just for Origination

in Blog, LBA News by Lindsey Neal

Digital Isn’t Just for Origination Tales from the Back Office: Digital Mortgages Transformed the Customer Experience! Now It’s Time to Disrupt the Rest of the Process! In case you missed it, this was the headline from September cover story in National Mortgage News, and it is spot on. Most of the mortgage industry equates “digital mortgage” with “eMortgage,” and as such, the focus has been on digitizing borrower-facing aspects of the mortgage process, like the application, Read More

Feeling the Squeeze? Time to Trim the Fat.

in Articles, Blog by Lori Brewer

Feeling the Squeeze? Time to Trim the Fat. Lenders are feeling the squeeze from their competitors. According to Fannie Mae’s Mortgage Lender Sentiment Survey for Q2 2017, “Concern about competition from other lenders set a new survey high this quarter across all profit-margin drivers, cited as the key reason for lenders’ decreased profit margin outlook.” The survey also notes that the number of lenders reporting demand growth for all purchase loans over the previous quarter Read More

US Mortgage Implements CompenSafe (Press Release)

in Blog, LBA News, Press Release by Kelley Mangel

US Mortgage Implements CompenSafe from LBA Ware to Automatically Calculate LO Compensation Massive growth over last five years leads lender to automate compensation calculation MACON, Ga., September 11, 2017 – LBA Ware™, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced that Melville, New York-based US Mortgage Corporation (US Mortgage) has implemented CompenSafe to automatically calculate commissions for its loan originators and operations staff located in Read More

Lori Brewer Recognized on 2017 Women in Housing List (Press Release)

in Blog, LBA News, Press Release by Kelley Mangel

LBA Ware Founder Lori Brewer Named to ‘Leading Ladies’ Category
 on 2017 ‘Women in Housing’ list by The MReport Category recognizes mortgage industry ‘venerable virtuosos…[with] an impressive array of accomplishments’ MACON, Ga., September 5, 2017 – LBA Ware™, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced that Founder and President Lori Brewer has been recognized as one of The MReport magazine’s 2017 “Women in Housing.” Read More

LBA Ware President Named to 2017 Elite Women in Mortgage List (Press Release)

in Blog, LBA News, Press Release by Kelley Mangel

LBA Ware Founder Lori Brewer Named to 2017 ‘Elite Women in Mortgage’ by Mortgage Professional America Magazine Award recognizes top mortgage industry female professionals MACON, Ga., July 28, 2017 – LBA Ware™, a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced that Founder and President Lori Brewer has been honored as one of Mortgage Professional America (MPA) magazine’s 2017 “Elite Women in Mortgage.” Brewer was recognized Read More

How much are you paying your mortgage support staff

in Blog, CompenSafe by Kelley Mangel

How much are you paying your mortgage support staff? Do you know how much you’re paying your support staff and operations team on a per loan basis? CompenSafe does. As mentioned in Bonnie Sinnock’s recent article on NationalMortgageNews.com, “Why mortgage support staff bonuses are so high,” total compensation paid to support and operations staff – that is, bonuses paid to loan originator assistants, processors, closers, and managers – averages $599 per loan, and based on Read More

ICYMI: Envoy Mortgage Leverages Compensation Data to Assess Branch Profitability

in Articles, Blog, CompenSafe by Kelley Mangel

ICYMI from Rob Chrisman: Envoy Mortgage Leverages Compensation Data to Assess Branch Profitability In case you missed it from Rob Chrisman’s newsletter earlier this week, there’s a great deal of insight to be gained by comparing LO compensation against operating expenses and overall volume. In fact, as our founder and president Lori Brewer said, “There’s more to LO compensation than just a paycheck. Because of the close ties between origination volume and branch performance, LO Read More