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Manage commissions with confidence
Your Commissions: Automated, Integrated, Uncomplicated
Requiring multiple employees to manage commissions using multiple spreadsheets, formulas and calculations … it’s a cumbersome and inefficient process, at best. At worst, it’s a minefield of risk with human error, compliance missteps and overpayments all-too-real possibilities. Manual commission processes, no matter how established or thorough, are tough to optimize in order to meet the demands that mortgage lenders face in today’s hyper-competitive, hyper-regulated marketplace. Instead, lenders need a solution built specifically to calculate payments accurately and efficiently, while helping them to eliminate the hidden costs of commission management.
Take control of your commissions
Encompass Commissions™ is a robust commission management solution integrated inside Encompass360® that automates the calculation, reconciliation and communication of variable pay across your organization. With Encompass Commissions, you’ll process payments with efficiency and confidence thanks to automatic calculations and built-in review and approval workflows that alert you to potential issues before the check gets cut.
The simpler solution for complex plans
We’ll work with you to customize Encompass Commissions for your business so you can tailor programs to automatically calculate payment splits, adjustments, volume multipliers and more. Draws and expense repayments can also be tracked so you can reliably recoup due expenses.
Recruiting and retaining top talent
Encompass Commissions is fully transparent, providing your originators with online pipelines so they can see what, when and why they’ll get paid — an easy way to show current and potential employees that your business means business when it comes to treating staff right.
Documented LO compensation compliance
Encompass Commissions helps enforce your individual compliance policies, such as for minimum loan originator compensation and overtime eligibility, and automatically documents them for your regulators.
Flexible for the future
Encompass Commissions allows you to preview potential compensation changes and analyze them against past data so you know exactly how a certain change could impact your bottom line.