FinTechPulseMortgage

LBA Ware’s CompenSafe reaches $1 billion in LO compensation calculations

In 2017, the platform calculated $1 billion in lifetime origination commissions and operational bonuses

Automated compensation software and systems integration solutions provider LBA Ware announced its sales incentive platform, CompenSafe, calculated $1 billion in lifetime origination commissions and operational bonuses in 2017.

The company also experienced notable growth for the year, marked by a 152% increase in total compensation processed and a 130% increase in the number of lenders using the company’s systems integration solution, LOS Talker, LBA Ware explained in a press release.

“2017 has been a year of extraordinary achievement for LBA Ware, marked by more than 100% growth for both CompenSafe and LOS Talker, and by reaching the $1 billion mark in compensation calculated by CompenSafe, we’re now proud members of the ‘three comma club,” said Lori Brewer, CEO of LBA Ware, a HW Tech100 winner.

“Our clients’ success is our success. We provide the go-to platform for incentive compensation, sales performance and actionable insights on which to build a lasting company with motivated, informed and empowered individuals,” Brewer said. 

In addition to the business growth, LBA Ware, which was founded in 2008, averaged 96% approval for help desk tickets solved and responding to 80% of helpdesk tickets within 24 hours, the company said, adding that its staff received 1,122 hours of internal training.

“LBA Ware has set itself apart as a company that knows the mortgage industry from the ground up and truly understands what our clients expect and need from our solutions,” said Brewer. “Our commitment to providing staff with internal training and offering customers with top-notch support continues to drive the success of our larger strategy to grow business by administering a seamless user experience and delivering superior customer satisfaction. We will continue to prioritize our customers by investing in staff training as growth and need demand.”

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please