Loan originators saw a 2.44% decrease in per-loan commission rates in the third quarter, as purchase apps held steady, but refi apps tailed off.
Read More »LO Commissions Down in Q2
Despite a surge in volume, loan originator commissions dropped in the second quarter of 2021.
Read More »Michigan First Credit Union Implements CompenSafe by LBA Ware
The regional credit union will automate commissions for loan originators and loan originator assistants with LBA Ware’s incentive compensation management platform.
Read More »5 Reasons Incentive Compensation Plans Should be Part of Your 2016 Growth Strategy
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. Kelley Martins, Marketing Manager at LBA Ware explains how incentive compensation plans are a practical way to monitor origination performance.
Read More »OpenClose & LBA Ware Partner to Automate Loan Comp Process
OpenClose and Lending & Banking Automation Software announced that they have teamed up to provide an automated loan compensation process, which will no longer require companies to manually track commission and payouts. OpenClose is an enterprise-class, multi-channel, end-to-end loan origination system provider and LBA Ware provides commission automation software.
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