SOURCE: Loan-Score Decisioning Systems

 

IRVINE, CA--(Marketwire - December 11, 2008) - Loan Score Decisioning Systems, an enterprise-class pricing and automated underwriting solutions provider, today announced it will offer CommissionPro™, a Web-based commission tracking and payout application designed for use by loan officers, brokers, sales force management and accounting personnel. The solution eliminates manual commission tracking and provides salespeople with visibility into commission payouts.

Commission Pro™ is designed with the specific goal of automating the costly, cumbersome administration of commission management processes from accounting payout to tracking, forecasting, performance guidance, reporting and the actual payment of simple to complex sales compensation plans. Traditionally, lenders have been ailed with managing a multitude of variable-based, intricate commission sales structures using manual processes that involve Microsoft Excel and internal resources.

CommissionPro™ streamlines what is normally a labor intensive process by seamlessly linking the organization's sales, accounting and/or operational platform. The result is newfound visibility across the enterprise for all areas that have a defined interest in a specific transaction. The Web-based solution automatically and efficiently captures and accounts for sales expenses or post transaction commitments throughout the payment process.

Loan-Score's clients have the option of adding a CommissionPro™ button to their existing broker portal and retail/branch applications, or they can utilize the solution as a stand alone portal solution.

"It is critical to provide an organization's sales force with accurate and dynamic feedback as it relates to their ongoing performance and results," said David P. Colwell, executive vice president at Loan-Score. "CommissionPro™ eliminates the need for staff to track, measure and pay out complex, multi-tiered commission structures using Excel. The manual tracking of commissions is time consuming, costly and provides limited analytics. Loan-Score saw an opportunity to introduce CommissionPro™ to the mortgage marketplace and we are excited about its formal launch. We feel it is the most powerful commercially available compensation solution on the market."

Through user friendly desktop administrator screens, the sales force and senior management both have on-demand access to robust sales reporting information in multi user-defined formats to aid in helping determine sales force rankings, wages, pipeline earnings, and also bonus or incentive determination.

Key Features & Benefits

--  Completely automates the commission tracking & payout process
    
--  Eliminates the need to have employees manage numerous commissions
    using Excel
    
--  Provides salespeople with clear insight into their commission payouts
    
--  Centralizes commission management for multiple locations and payout
    tiers
    
--  Loan officers and managers conveniently view commission statements
    over the Web
    
--  Supports multiple commission structures in multiple branches/locations
    
--  Detailed reporting and analytics based on secure user authentication
    
--  Comprehensive debt and payment management, including advances, draws,
    loans, etc.
    
--  Provides easy exports to Excel
    
--  Maintains a communication log between user and commission
    administrator
    
--  Capability to split individual commissions
    
--  Customized charting based on user authentication
    
--  View and print commission details
    
--  Rule-based capabilities enable automatic debt repayment, minimum
    payments, percentage of outstanding, etc.
    

Demonstrations of CommissionPro™ can be held via Web demos by contacting Loan-Score at 949-450-0102, ext. 226 or via e-mail at info@loan-score.com.

About Loan-Score Decisioning Systems

Founded in 2000 and headquartered in Irvine, California, Loan-Score Decisioning Systems, offers a true, enterprise-class AUS and PPE available on a software-as-a-service (SaaS) and also a self-hosted basis for all lending channels and product types. The company extends various functionality to the point-of-sale using its customer-facing Web portals. Loan-Score maintains a comprehensive, up-to-date library of investor guidelines and pricing to ensure eligibility is met and market conditions are adjusted to deliver precision-based underwriting that result in fundable loans. The company's solutions are engineered to deliver swift, cost-effective implementations that integrate with existing LOSs and avoid inflexible programming efforts and high maintenance costs. Loan-Score offers clients the option to either manage pricing, guidelines and rules in-house with their own staff, or they can outsource the onus this burden to its managed services team to ensure precision-based accuracy. For more information, visit www.loan-score.com or call 949-450-0102.