With mortgage lenders being squeezed by tightening margins, they’re looking for alternative ways to control their biggest expense: compensation. This blog post explains how the net branching model is one way because of its ability to control profitability through compensation.
Press Release: Top ranking Nevada-based mortgage lender, Alterra Home Loans has chosen LBA Ware’s CompenSafe to automate commissions and deliver operational insights to executive management on its branches and sales staff.
For the fourth consecutive year, HousingWire recognizes LBA Ware for its flagship automated incentive compensation and sales performance management platform CompenSafe.
According to Fannie Mae’s Q1 2018 Mortgage Lender Sentiment Survey, lenders once again reported a negative profit margin outlook. The instinctive response to narrowing profit margins is to start simply cutting costs, but we recommend considering a slightly more counterintuitive approach – incentivize.
CompSiderations: Balancing Mortgage Compensation and Profitability The first two months of 2018 have had the LBA Ware team on the road at various industry conferences, and at those shows, we’ve had the opportunity to speak with numerous lenders about profitability challenges that are keeping them up at night. Here’s a sampling of what we’ve heard: Compensating Branch Managers on Profit & Loss Many lenders are curious about how to more tightly couple compensation with their Read More
Press Release: LBA Ware announced that Inlanta Mortgage has completed integration between LBA Ware’s CompenSafe automated compensation calculation platform and LendingQB’s cloud-based loan origination solution (LOS).
LBA Ware founder and CEO recognized as mortgage industry leader for her technology contributions, including spearheading automated compensation calculation software for mortgage lenders
Movement Mortgage, one of the nation’s fastest growing mortgage banks implements CompenSafe from LBA Ware to streamline compensation calculations and provide better visibility to their loan originators.
5 Ways to Improve your Incentive Compensation Plan Effectiveness in 2018 Managing incentive compensation plans can eat up a tremendous amount of a mortgage finance team’s time and resources, especially when using “the spreadsheet method.” Coupling automation with a few best practices significantly reduces the amount of time, complexity, and frustration (for both payroll teams and employees) comp plan management can take. Here are five easy ways you can improve the effectiveness of your incentive Read More
LBA Ware’s CompenSafe Hits $1 Billion in LO Compensation Calculations Company also achieves significant year-over-year growth in 2017 MACON, Ga., January 26, 2018 – LBA Ware, a leading provider of automated incentive compensation software and systems integration solutions for mortgage lending and retail banking, announced their sales incentive platform CompenSafe™ calculated $1 billion in lifetime origination commissions and operational bonuses in 2017. LBA Ware also experienced notable year-over-year growth, marked by a 152 percent increase Read More