MACON, Ga., April 11, 2018 (SEND2PRESS NEWSWIRE) — LBA Ware™, a leading provider of automated compensation software and systems integration solutions for mortgage lenders, today announced that top ranking Nevada-based retail mortgage lender, Alterra Home Loans has chosen CompenSafe™ to automate commissions for its 65 branch offices licensed to operate in 30 states and deliver operational insights to executive management on its branches and sales staff.
“As a growing lender, the commissions accounting process was becoming increasingly manually intensive for us; however, we also see the ability to be more creative and customized with compensation and commission as a competitive advantage in retaining top talent,” said Jason Madeido, CEO of Alterra Home Loans. “We chose to implement CompenSafe because it directly addressed our two main concerns: increasing productivity to keep manufacturing costs down and increasing customization to enable us to create a better compensation experience for our loan officers.”
CompenSafe integrates with Alterra’s loan origination system (LOS) and accounting software to obtain loan pipeline information and automatically calculate each employee’s custom commissions compensation plan. CompenSafe’s online portal increases transparency across the organization by allowing loan originators to gauge their pay and performance and provides company leaders with a wealth of insight into branch and staff production and productivity.
“Everybody in my shoes is thinking about how we can improve productivity, stay very competitive, customize compensation within regulatory bounds, correctly document employee compensation and still make our sales people very happy,” said Madiedo. “CompenSafe has helped us manage all of that while providing a transparent window into the process and that’s been great.”
“In today’s competitive market, there’s more demand on lenders than ever before to maximize the efficiency of loan production, but that demand has to be balanced with keeping sales staff motivated,” said Lori Brewer, founder and CEO of LBA Ware. “CompenSafe helps lenders strike a balance between profitability and productivity, and It’s extremely gratifying to be able to provide a growing lender like Alterra with the tools it needs to advance its success in the marketplace.”
About Alterra Home Loans:
Alterra Home Loans is a minority-owned, top U.S. mortgage bank and one of the largest Hispanic-owned mortgage companies in the country. With loan coverage in 30 U.S. states, Alterra strives to represent the underserved in the mortgage industry, specifically serving the diverse markets to help build wealth through homeownership.
About LBA Ware™:
Founded in 2008, LBA Ware’s mission is to inspire opportunity by delivering solutions that are essential to the way mortgage companies operate. We strive to be a trusted partner and play a key role in our clients’ success by enabling them to motivate, incentivize and better leverage the human potential within their organization. Our applications automate traditionally manual business processes for which an existing software solution does not exist, empowering lenders to create an integrated software environment that maximizes their productivity and operational efficiency.
For more information about LBA Ware and their software solutions, visit http://lbaware.com.
News Source: LBA Ware