• Attract and retain the best originators by paying commissions more often
• Design innovative incentive programs that meet your business goals
• Eliminate cost and complexity from commission administration

CommissionTrac gives you a competitive advantage when recruiting and retaining the best originators. By fully automating the commission process, you can reduce the payment cycle time, pay your originators more frequently, track advances, and reduce errors. Your originators will not only get paid accurately and on time, but with the time they save not having to check accounting they can originate more loans. Retaining the best originators translates into increased loan production and reduced staffing and training costs.

CommissionTrac seamlessly integrates with DataTrac® version 8.0 to automate the calculation, timing, communication, and reconciliation of commissions. With CommissionTrac you can create flexible, customized, and accurate commission programs that eliminate costly and time-consuming manual calculations.

Calculation – CommissionTrac uses information from DataTrac to automatically calculate originator commissions. The calculation incorporates fees, splits, tiered spiffs, loan type, and many more factors. CommissionTrac gives you the flexibility to create complex commission programs with 100% accuracy.

Timing – Choose when commissions are paid based on investor and/or loan program, and stage in the origination process. CommissionTrac enables you to design a commission program that meets your unique business goals.

Communication – CommissionTrac communicates pending commission payments to originators via email, with a link to detailed accounting. The originator can then accept the commission calculation or email any concerns to his manager and accounting. Originators can focus on closing deals, rather than calculating commission payments.

Reconciliation – CommissionTrac eliminates the error-prone process of manual calculations and enables lenders to track debts to originators, and recover debts from future commissions. CommissionTrac eliminates re-drawn checks, post-payment reconciliations, and increases originator satisfaction and retention.

CommissionTrac will simplify your commission program at every step of the process—from creating a program, to delivering commissions, and communicating with your originators. CommissionTrac reduces costs in accounting and originator management, and increases originator satisfaction and production. With CommissionTrac, you will get the most out of your commission program, and make loan production easy for your originators.