Tag Archives: mortgage business intelligence

5X Solutions Adds Compensation Analysis to their Mortgage Business Intelligence Platform

SAN DIEGO, Calif. /ScoopCloud/ -- 5X Solutions, LLC, a mortgage business intelligence and data analytics company, has announced the addition of loan agent compensation analysis to its automated financial reporting and mortgage business intelligence software.

Users of Telemetry BI now have complete visibility to the commissions paid to loan officers. This includes loan-level details, dollars paid, and basis points (bps) for each transaction. In the past, accounting personnel would generate reports manually via spreadsheets, only to have them challenged by loan agents and branch managers questioning the underlying numbers. In other cases, the client risked overpayment due to manual mistakes or incomplete data.

This new reporting tool provides post-payment audit capabilities to accounting and financial staff. Reports are generated automatically by integrating data from the client's loan origination software (LOS) and their accounting system. Compensation is calculated based on units closed, funded amounts, loan types, referrals, and loan assistants, providing transparency and timely access via on-demand compensation analytics.

Corporate executives, branch managers, regional managers, and individual loan officers can view compensation details relevant to them in real-time. This eliminates the need for the constant back-and-forth between accounting staff and loan agents to validate results and answer questions.

A planned release of prepayment commission and bonus reporting for the entire company including loan processors, underwriters, and other staff members will add efficiency and transparency to the mortgage operation. Details can be viewed before payments are made to ensure that commissions and bonuses are correct. This enhances Telemetry MBI's existing Marketing and Expense program that enables loan officers to benefit by claiming pre-tax expenses related to generating business.

Telemetry MBI's new compensation analysis complements existing financial reports, KPIs, performance dashboards, and analytics to provide a 360-degree view of a mortgage business's operational health. Adoption of this feature by clients has exceeded expectations. 5X Solutions' Co-Founder John Beneventi says "Compensation analysis rounds out Telemetry MBI's automated financial reporting capabilities by offering managers the ability to drill down on details and explore trends around each loan officer's performance and compensation."

Learn more about Telemetry MBI: https://www.5xsolutions.com/Mortgage_Business_Intelligence

About 5X Solutions

5X Solutions, LLC is a Fintech company that offers digital mortgage industry solutions that focus on mortgage business intelligence, automated financial reporting, performance dashboards, data analytics, and other BI tools. It offers lenders both advisory and technology services that optimize resources, improves profitability, contain costs, and helps increase scalability. Using its cloud-based Telemetry MBI platform, clients have 24/7 access to critical key performance indicators, metrics, and financial reports needed to measure and manage their company. Their turnkey, cloud-based business intelligence platform offers a best-practice approach to data analytics and reporting.

Learn more at https://www.5xsolutions.com/ or http://www.telemetrybi.com

*LOGO LINK: https://www.5xsolutions.com/images/5x_TBI_logo_lrg.png

5X Solutions, LLC, a mortgage business intelligence and data analytics company, has announced the addition of loan agent compensation analysis to its automated financial reporting and mortgage business intelligence software.

Related link: https://www.5xsolutions.com/

LBA Ware Unveils Expanded Functionality to CompenSafe’s ‘Verify Pay’ Feature

MACON, Ga. /ScoopCloud/ -- LBA Ware(TM), a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, announced it has updated CompenSafe's(TM) Verify Pay feature, which enables loan originators (LOs) and other commissioned or bonus-based employees to review and verify their incentive compensation before paychecks are cut, greatly reducing the hassle, time and cost of remediating incentive compensation disputes.

"Verify Pay strengthens trust by engaging employees in a transparent compensation process," said LBA Ware Founder and CEO Lori Brewer. "It greatly reduces costly and time-consuming processes associated with compensation errors, such as cutting manual checks, and it creates a detailed audit trail, which is especially important in states like California where compensation disputes can snowball into a PR nightmare."

Verify Pay engages employees in the compensation process by giving them the opportunity to review, ask questions, comment on, and verify their incentive compensation before paychecks are distributed. Employees who wish to submit a commission dispute may do so in a matter of seconds, and their dispute - along with a link to the disputed loan file - is automatically forwarded to the payroll administrator for rapid review. The entire dispute/resolution thread is logged, providing lenders with a detailed, time-stamped audit trail.

"Mortgage lenders value CompenSafe because it is much more than a compensation calculation engine - it's a comprehensive incentive compensation management tool," added Brewer. "We constantly listen to clients and respond with creative features that address the practical challenges associated with administering commissions."

About LBA Ware:

LBA Ware(TM) is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, more than 100 lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2020 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia.

For more information, visit https://www.lbaware.com/.

Twitter: @LBAWare #mortgageindustry #mortgagetechnology #mortgagelending

LBA Ware, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, announced it has updated CompenSafe's Verify Pay feature, which enables loan originators (LOs) and other commissioned or bonus-based employees to review and verify their incentive compensation before paychecks are cut, greatly reducing the hassle, time and cost of remediating incentive compensation disputes.

Related link: https://go.lbaware.com/

LBA Ware Taps Silicon Valley Talent Veronica Mahler to Roll Out LimeGear BI Platform

MACON, Ga. /ScoopCloud/ -- LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, has brought on Silicon Valley talent Veronica Mahler as business analyst. Mahler was hired to support the spring release of LBA Ware's turnkey business intelligence (BI) platform, LimeGear, by supporting post-implementation client experience in partnership with LBA Ware's client success team.

Mahler possesses 12 years' experience in customer and client advocacy spanning training, project management and relationship building. Immediately before joining LBA Ware, Mahler served as program manager at Fair, a billion-dollar startup and payment-based, used-car leasing app. At Fair, Mahler supported company growth by scaling its Phoenix-based customer service center from two to 35 agents in just four months and managing the program for hundreds of agents across three sites.

"Veronica has helped scale tech startups from stealth mode through series-C funding - a skill set that will serve LBA Ware and our clients alike as we expand our product suite with the rollout of LimeGear," said LBA Ware Founder and CEO Lori Brewer. "Her energy and experience is a great addition to the team and will help lenders tap into the full potential of their operational and production insights."

"I am passionate about helping customers accomplish their business goals and maximize the value they obtain from the tools and services in which they have invested," said Mahler. "LBA Ware's commitment to driving lender performance is highly compatible with my professional values."

About LBA Ware™:

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2019 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia.

For more information, visit https://lbaware.com.

Twitter: @LBAWare #PeopleMovers #mortgageindustry #newhires

*PHOTO link for media: https://www.Send2Press.com/300dpi/20-0219s2p-LBA-Ware-Veronica-Mahler-300dpi.jpg
*Photo caption: Veronica Mahler to Roll Out LimeGear BI Platform.

LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, has brought on Silicon Valley talent Veronica Mahler as business analyst. Mahler was hired to support the spring release of LBA Ware's turnkey business intelligence (BI) platform, LimeGear, by supporting post-implementation client experience in partnership with LBA Ware's client success team.

Related link: https://go.lbaware.com/

Mortgage Lending Analytics, PPE and Digital Mortgage Provider Lender Price Attending Motivity Solutions User Conference

PASADENA, Calif. /ScoopCloud/ -- Lender Price, the emerging leader in digital mortgage interface technology and real-time, competitive mortgage analytics and product pricing & eligibility (PPE) solutions complete with full mobile functionality and advanced business intelligence, announced that Black Knight Financial Services' Motivity Solutions will use pricing data from Lender Price's industry-leading PPE to provide pricing analytics to its users.

Motivity Solutions is a comprehensive mortgage business intelligence offering from Black Knight Financial Services that provides lenders with instant access to information from multiple data sources to help forecast and monitor loan performance. The technology delivers real-time analytics to help proactively monitor, measure and manage lenders' operations through key performance indicators, scorecards, executive dashboards and on-demand reporting.

"Combining Lender Price pricing data with the capabilities of Motivity Solutions will deliver robust analytics to help lenders better manage their businesses," said Lender Price founder and CEO Dawar Alimi. "Additionally, through our relationship with Black Knight, we are able to use our fully configurable digital mortgage technology to create synergies with deep analytic opportunities for Motivity users."

The Lender Price digital loan application interface, which can be client-branded and configured to each lender's specific requirements, is being integrated with Black Knight's Empower loan origination system (LOS), which enables lenders to originate both first mortgages and home equity loans and lines of credit on a single system.

When used together, the Lender Price and Black Knight solutions support the origination process by:
* Providing consumers the ability to complete a digital loan application using their mobile device;
* Offering a voice-enabled solution in multiple languages;
* Delivering real-time product eligibility, interest rates and fees;
* Securing verification of credit, income and assets through a combination of Black Knight's Exchange technology and proprietary integrations provided by Lender Price;
* Verifying property and tax details using Black Knight's vast public records database or by leveraging Black Knight's Data Hub, which gathers, aggregates and links Black Knight application and proprietary industry data to provide a holistic view of a client's loans;
* Obtaining property valuations using a Black Knight automated valuation model, tested for accuracy and reliability; and
* Uploading documents from any mobile device using optical character recognition (OCR) technology and index those documents in Empower.

Lender Price will demonstrate this solution at the Motivity Solutions User Conference, June 19-21, in Colorado.

About Black Knight Financial Services, Inc.:

Black Knight Financial Services, Inc. (NYSE: BKFS) is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.

Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership.

More information on Black Knight Financial Services: http://www.bkfs.com/.

About Lender Price:

Lender Price is a California-based big data technology innovator and developer of a digital mortgage platform, real-time, competitive mortgage analytics and product pricing & eligibility (PPE) platform complete with full mobile functionality and unprecedented business intelligence. With Lender Price, wholesale and correspondent lenders, banks, and credit unions can knowledgably manage product pricing for all mortgage types: conforming, non-conforming, non-QM, and specialty loans. The PPE platform delivers innovative features that include built-in compliance checks, secondary marketing tools, margin management, lock desk, customized workflows and mobile app.

More information: https://lenderprice.com/ or email: Contact@LenderPrice.com.

*LOGO for media: Send2Press.com/mediaboom/s2p-Lender-Price-Logo-300dpi.jpg

REF - Ticker: NYSE:BKFS / BKFS

Lender Price, the emerging leader in digital mortgage interface technology and real-time, competitive mortgage analytics and product pricing and eligibility (PPE) solutions complete with full mobile functionality and advanced business intelligence, announced that Black Knight Financial Services' (BKFS) Motivity Solutions will use pricing data from Lender Price's industry-leading PPE to provide pricing analytics to its users.