Modernize how you track loan commissions by replacing spreadsheets with our mortgage commission software and ensure accurate payouts and compliance at scale.
Seamlessly connect our solution with any loan origination system or mortgage origination system and centralize your data for accurate commission calculations for loan officers and mortgage managers.
Lendingpad
Byte
Comarch
BankPoint
Finflux
BNTouch
Calyx
Floify
Replace outdated, costly systems prone to errors with our mortgage commission software, delivering 10X faster calculations for any loan amount, interest rate, type, or lender rules.
Complete transparency to mortgage brokers
Provide real-time access to the commission structure, performance metrics, potential payouts, and any adjustments made due to splits, clawbacks, or other factors.
Enable real-time commission tracking with a mobile app
Enable your loan officers to keep track of their complete history of all commission payouts received, including dates, amounts, etc. and forecast future payouts based on KPIs or deals completion.
Replace manual labour in approving payouts and generating reports with a complete end-to-end automated system.
Automatically calculate and withhold taxes based on local tax laws and regulations.
Ensure that sensitive payment data is encrypted to protect against unauthorized access.
Provide reports including changes made to commission plans, adjustments, and payment history.
Stay compliant with global and regional rules, regulations and compliance standards.
Automating incentive processes lets your team focus on their core sales activities without worrying about errors or payout delays. Additionally, real-time visibility into performance ensures that your team knows exactly how their efforts translate into rewards, keeping them motivated and aligned with company goals.
You can worry less about shadow accounting and provide complete transparency across stakeholders about the budget allocated vs commissions spent and revenue generated through it, which is more challenging and may lead to errors through an in-house system.
Yes, Compass has one of the most powerful calculation engines with real-time data processing, rigorous logic checks, and advanced reporting. It provides accurate calculations for commissions, bonuses, etc., ensuring fair and timely payouts.
While Excel is a familiar tool, it can be prone to errors, time-consuming, and lacks scalability. Shifting to Compass provides a centralized, automated solution that reduces errors and offers real-time insights, robust reporting, and scalability as your business grows.
Yes, Compass offers 85+ data integration options, allowing you to connect multiple data sets from different systems. Compass consolidates all your incentive data into a single platform through API integrations or data imports, making it easier to manage, calculate, and report on incentives across different departments or business units.