Incentive Compensation
Managing incentive compensation can involve a lot of paperwork. Manual processes can be labor-intensive, error-prone, and lacking flexibility and scalability, which makes it difficult to manage one of the largest loan origination expenses.
Overview
Incentive Compensation helps you tackle these challenges and drive production and performance. It’s an automated incentive compensation management product that saves countless hours each payroll period and delivers accuracy, transparency, and flexibility.
Empowering Your Team
Streamlining accurate incentive compensation processing
Simplifying complex commission plan calculations
Providing greater transparency into loan compensation calculations
Providing insight into performance
Storing historical data so it’s easily auditable
For data governance, there are various levels of access and permissions for users, so you can control who can view which data.
There are 100+ robust and on-demand reports that can be viewed, filtered, or downloaded for further data analysis.
Single Source of Truth
All your loan compensation data, transactions, and communications are in one place to manage, audit, analyze, and report on at any time. With automated tracking and reporting of every loan commission calculation and transaction, Incentive Compensation by nCino helps financial institutions stay compliant with the Consumer Financial Protection Bureau (CFPB) LO Comp Rule.
All I have to do is press a button to export our payroll file for the pay period then upload it to our payroll system.”
Zach Davis
Senior Mortgage System Administrator
See a Demo
See nCino in action and learn how the pioneer in cloud banking can help transform your financial institution.
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