Commission Scenario

$2,350,000 in loans

A commission schedule of:

Compute Semi-Monthly:

• 40 basis points on purchase and non-lender refi's if production is up to $350,000
• 50 basis points on purchase and non-lender refi's if production is up to $700,000
• 60 basis points on purchase and non-lender refi's if production is over $700,000
• 40 basis points lender refi loans.
• $50 for each broker loan closed
• 25% over/100% short if production up to $300,000
• 50% over/100% short if production $300,000+

Compute Monthly:

• $200 if 10-19 loans closed; $300 if 20+ closed (auto allowance)
• If monthly production is between $500,000 and $700,000 then pay an additional 5% on conventional loans (bonus)
• If monthly production is between $700,000 and $1,250,000 then pay an additional 7% on conventional loans
• If monthly production is over $1,250,000 then pay an additional 10% on conventional loans

A Commission of $10,532.12

If it took you longer than .02 seconds to calculate the answer, you're not using CommCalc 2000.

CommCalc 2000 is a powerful tool that manages all of your commission and incentive-based compensation structures.  CommCalc 2000 is packed with features such as:

Individual loan officer reporting that provides loan-level detail including overages, shortages, draws and deferred payments.  Each loan officer receives a complete report by loan of each component used to arrive at the final compensation figure.

FlexPlan delivers the ability to quickly define even your most complex compensation structures.  You define the basic elements and criteria and CommCalc 2000 does the rest.  Tier patterns, loan attributes to be interrogated, and extensive selection criteria make FlexPlan a "programmerless" tool that makes defining and maintaining compensation plans and easy process.

Complete online history of all compensation paid, including manual adjustments that may have been applied due to special circumstances.  History by branch, region, company or loan officer can be retrieved at the click of a button.  You can say goodbye to the endless hours of research that accompanies compensation issues.

Open architecture that integrates production information from one or multiple Loan Origination Systems for a single enterprise facility to manage commissions.  CommCalc 2000 is built on a SQL database that facilitates integration and data access with minimal efforts. 

In addition to the standard reports, you can use most third-party reporting tools such as Crystal Reports or Access to create your own custom reports.

You can't afford to settle for something that's not completely meeting your needs.  We designed CommCalc 2000 to be the most versatile and flexible compensation management tool available on the market today.  As your compensation structures change, CommCalc 2000 will change with you.