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Free News Articles Home Business Free News Articles Software American Financial Network Deploys CompenSafe to Provide Real-Time Reporting of Loan Originator Compensation American Financial Network Deploys CompenSafe to Provide Real-Time Reporting of Loan Originator Compensation
MACON Wholesale Nasir Adderley Jersey , Ga. -- LBA Ware(TM), provider of the leading automated incentive compensation and sales performance management platform for mortgage lenders, announced today that American Financial Network, Inc. (AFN), a mortgage lender with more than 125 branches nationwide Wholesale Jerry Tillery Jersey , has adopted CompenSafe(TM) to manage loan originator (LO) compensation plans with greater efficiency and transparency.

Before implementing CompenSafe, AFN's staff accountant manually calculated and tracked commissions using a spreadsheet. LOs did not see their commissions until they received their semi-monthly payroll checks. Now, CompenSafe provides LOs and their managers with real-time commission information as soon as loans are funded.

Moreover, by automating the compensation process, CompenSafe has reduced AFN accountants' administrative workload Wholesale LaDainian Tomlinson Jersey , enabling AFN to move from semi-monthly to weekly payment of LO commissions without any increase in payroll staff.

"CompenSafe gives LOs a real-time view into their compensation and enables us to pay out commissions on a weekly basis, inspiring confidence in the financial wellbeing of our company," said AFN President John Sherman. "What's more, by automating work that used to be done manually, CompenSafe saves our accounting staff time and decreases the frequency of compensation disputes and corrections."

"In a tough market Cheap Justin Jones Jersey , savvy lenders are looking for innovative ways to promote growth and maximize their production," said LBA Ware Founder and CEO Lori Brewer. "CompenSafe's unique value lies in its ability to eliminate back-office inefficiency while at the same time providing originators greater insight into their performance and earnings."

About American Financial Network, Inc.:

Established in 2001 by Jack and John Sherman, American Financial Network, Inc. (AFN) is a licensed mortgage lender (NMLS #237341) that is proud to have assisted hundreds of thousands of customers in financing their American dream of homeownership over the last 17 years. AFN is based in Brea Cheap Uchenna Nwosu Jersey , California, is licensed in 48 states plus D.C., and remains on an impressive growth trajectory. AFN is an approved Fannie Mae and Freddie Mac sellerservicer, and an approved issuer for Ginnie Mae. A direct lender with in-house underwriting, AFN offers a full line of mortgage products including: Conventional Cheap Kyzir White Jersey , FHA, VA, USDA, Jumbo, 203(k) rehab loans and more.

About LBA Ware:

Founded in 2008 Cheap Derwin James Jersey , LBA Ware's 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' 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 https:lbaware.

Twitter: @LBAWare @AFNcorp #mortgagebanking #digitalmortgage #CompenSafe


Related link: https:lbaware


This news story was published by the Neotrope® News Network - all rights reserved.

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