{"id":50169,"date":"2019-07-16T18:30:07","date_gmt":"2019-07-16T22:30:07","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=50169"},"modified":"2019-07-16T18:30:07","modified_gmt":"2019-07-16T22:30:07","slug":"level-one-bank-enlists-compensafe-to-automate-incentive-compensation-after-doubling-its-mortgage-division","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/level-one-bank-enlists-compensafe-to-automate-incentive-compensation-after-doubling-its-mortgage-division\/","title":{"rendered":"Level One Bank Enlists CompenSafe to Automate Incentive Compensation After Doubling Its Mortgage Division"},"content":{"rendered":"

MACON, Ga., July 16, 2019 (SEND2PRESS NEWSWIRE) — LBA Ware™, provider of the leading automated incentive compensation and sales performance management platform<\/a> for mortgage lenders, announced today that Level One Bank<\/a> (NASDAQ: LEVL) has chosen CompenSafe™ to automate incentive compensation for mortgage loan originators and support staff across the community bank\u2019s mortgage loan center and branch locations.<\/p>\n

\"LBA
\nThe decision to move from manual, spreadsheet-based commission calculation to a full-featured compensation management platform was spurred in part by the bank\u2019s rapid growth. After acquiring several banks and absorbing MB Financial Bank\u2019s mortgage division in July 2018<\/a>, Level One\u2019s own mortgage team effectively doubled in size. The increased number and complexity of compensation plans made the calculation of commissions earnings and periodic bonus payouts more time-consuming .<\/p>\n

\u201cCompenSafe created significant efficiencies for our payroll department, saving countless hours of manual labor and eliminating the risk of human error,\u201d said Level One Bank Executive Vice President, Consumer Banking Officer, Timothy R. Mackay. \u201cAdditionally, it has improved compensation transparency with our loan originators who now have the ability to login and view their pipeline and payroll information at any time.\u201d<\/p>\n

\u201cBefore CompenSafe, I spent a full day running commissions every two weeks,\u201d said Level One Bank Senior Accountant Christen Inchaustegui. \u201cNow it takes me 10 minutes to pull together my reports. CompenSafe has also made incentive compensation more transparent for loan originators, who can log in and look at their pipeline and payroll snapshot at any time.\u201d<\/p>\n

\u201cAs a community bank that embraces technology and always looks for ways to do things better, Level One Bank saw right away how CompenSafe could improve both routine commissions processes and long-term compensation plan management,\u201d said LBA Ware Founder and CEO Lori Brewer. \u201cWe were proud to help Level One manage its growing pains by getting CompenSafe up and running in a matter of just a couple months.\u201d<\/p>\n

About Level One Bank<\/strong><\/p>\n

Level One Bank (NASDAQ: LEVL) is a full-service, 5-star BauerFinancial rated commercial and consumer bank headquartered in Michigan with assets of approximately $1.5 billion. It currently operates eleven full-service banking centers located throughout Southeast Michigan and West Michigan. Level One Bank\u2019s success has been recognized both locally and nationally as the U.S. Small Business Administration\u2019s (SBA) \u2018Community Lender of the Year\u2019 and \u2018Export Finance Lender of the Year\u2019, one of S&P Global\u2019s Top 10 \u2018Best-Performing Community Banks\u2019 in the nation, and one of American Banker Magazine\u2019s \u2018Best Banks to Work For\u2019. Level One\u2019s Commercial Division provides a complete menu of products including lines of credit, term loans, leases, commercial mortgages, SBA loans, Export-Import Financing, and a full suite of Treasury Management and Private Banking services. The Consumer Division offers personal savings and checking accounts and a complete array of consumer loan products including residential mortgages, home equity, auto, and credit card services. Level One Bank offers a variety of online banking services and a robust mobile banking application for individuals and businesses. Level One Bank offers the sophistication of a big bank, the heart of a community bank, and the spirit of an entrepreneur. For more information, please visit\u00a0www.levelonebank.com<\/a>.<\/p>\n

About LBA Ware <\/strong><\/p>\n

Founded in 2008, LBA Ware\u2019s mission is to inspire opportunity by delivering solutions that are essential to the way mortgage companies operate. We are a trusted partner and play a key role in our clients\u2019 success by enabling them to motivate, incentivize and better leverage the human potential within their organizations. 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 our software solutions, visit\u00a0https:\/\/lbaware.com<\/a>.<\/p>\n

Twitter: @LBAWare @LevelOneBank #mortgagebanking #digitalmortgage #CompenSafe<\/p>\n

*LOGO link for Media: Send2Press.com\/300dpi\/18-0502s2p-lba-ware-300dpi.jpg<\/p>\n","protected":false},"excerpt":{"rendered":"

MACON, Ga., July 16, 2019 (SEND2PRESS NEWSWIRE) — LBA Ware, provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that Level One Bank (NASDAQ: LEVL) has chosen CompenSafe to automate incentive compensation for mortgage loan originators and support staff across the community bank’s mortgage loan center and branch locations<\/p>\n","protected":false},"author":6980,"featured_media":50170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[124,156,1,38,10711,123,39,99,6,5],"tags":[10583,205,11600],"class_list":["post-50169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta-news","category-banking-news","category-business-news","category-finance-news","category-fintech","category-georgia-news","category-mortgage-news","category-public-company-news","category-software-news","category-technology-news","tag-automated-incentive-compensation","tag-depthpr","tag-nasdaqlevl","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":5193,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/50169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/6980"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=50169"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/50169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/50170"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=50169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=50169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=50169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}