Wisconsin-based Inlanta Mortgage is using LBA Ware’s CompenSafe automated compensation calculation platform integrated with LendingQB’s cloud-based loan origination solution (LOS) to leverage real-time loan production data to automatically calculate compensation for each of its 100+ loan originators (LOs).
“CompenSafe provides tremendous value to our organization,” says John Watry, chief financial officer of Inlanta Mortgage, in a release. “Not only does the system save us time on payroll and commission processing, it also has a robust suite of reports and analytics that you might find in tools costing thousands of dollars a month. We really looked at it like getting two tools for the price of one.”
The direct link between the LendingQB platform and Inlanta’s existing payroll system eliminates the need for manual data entry and reduces human errors in the payroll process. Through this integration, Inlanta’s branch managers gain a wealth of actionable insight into staff performance and profitability, while LOs are able to view the status of their compensation in real time.
“Compensation has been a thorn in many lenders’ sides because it has traditionally been a manual process that required coordination between multiple, disparate systems,” says Lori Brewer, founder and CEO of LBA Ware. “CompenSafe bridges the gap between these systems to create a unified, automated process for managing multiple compensation plans.”