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The company’s CompenSafe, a cloud based SaaS solution, enables banks to get complete insights into lending performance and profitability while eliminating repetitive, manual calculations, and dual data entry. Branch managers can measure key performance indicators and sales activity through CompenSafe’s Scorecards. Using visual snapshots of loan activity, sales teams can evaluate opportunities, success, and improvement areas. With complete visibility into loan portfolio, sales teams can then easily generate reports to manage lending effectively. Moreover, it assists banks with commission-based employees’ payroll calculations.
Keeping the loan files updated is LBA Ware’s LOS Talker, which provides loan data throughout the workflow. It integrates with loan origination systems, CRMs, and legacy systems for timely data transfers and automated marketing communications. Further, the company’s DRAW, assists banks with construction lending that integrates data between core banking platforms, onsite third party inspectors, and builders. Retail banks can track draw disbursements, inspections, and construction lending details through single software. Using its internal online portal, managers can ensure loan draws are reconciled and disbursements match actual loan debits. In addition, it offers an inspector portal that creates inspection reports from any device and a homebuilder client portal for the contractors and builders to see real time status of their loans.
Our software enables clients to organize data, cut out duplicate tasks and run their businesses more efficiently
The company has recently brought about new additions to its CompenSafe software that gives a snapshot of net pay and unpaid draw balance for each pay period. The new payroll and balance summary collects details of account activations and changes made to employees CompenSafe accounts. “Along with software updates, we are going to focus on making our process more efficient to bring on more clients,” concludes Lori.