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How Sales Commission Software Helps Automate Mortgage Broker Compensation
In today’s fast-paced and highly competitive real estate landscape, mortgage brokerages face considerable challenges when it comes to compensation management. Because brokerages deal with a variety of lenders on a range of different terms, it’s crucial to profitability to be able to efficiently manage the differences imposed by each lender so as to not incur extra mortgage broker compensation costs. As profitability for a typical mortgage broker is primarily based on volume, the ability to quickly adapt to differences in commission terms based on several criteria may be vital to maximizing profitability on each loan. Brokerages that spend significant time adjusting for each set of different criteria to accurately calculate commissions are limiting both profitability and the scalability of their operation.