LBA Ware, a leading provider of automated compensation software and systems integration solutions for mortgage lenders, announced that top ranking Nevada-based retail mortgage lender, Alterra Home Loans has chosen CompenSafe to automate commissions for its 65 branch offices licensed to operate in 30 states and deliver operational insights to executive management on its branches and sales staff.

Macon, Ga.-based LBA Ware, is a financial technology startup in the Advanced Technology Development Center’s ATDC Signature portfolio of companies. The company’s technology helps mortgage lenders and bankers optimize their business processes.

“As a growing lender, the commissions accounting process was becoming increasingly manually intensive for us; however, we also see the ability to be more creative and customized with compensation and commission as a competitive advantage in retaining top talent,” said Jason Madeido, CEO of Alterra Home Loans. “We chose to implement CompenSafe because it directly addressed our two main concerns: increasing productivity to keep manufacturing costs down and increasing customization to enable us to create a better compensation experience for our loan officers.”

CompenSafe integrates with Alterra’s loan origination system and accounting software to obtain loan pipeline information and automatically calculate each employee’s custom commissions compensation plan. CompenSafe’s online portal increases transparency across the organization by allowing loan originators to gauge their pay and performance and provides company leaders with a wealth of insight into branch and staff production and productivity.

“Everybody in my shoes is thinking about how we can improve productivity, stay very competitive, customize compensation within regulatory bounds, correctly document employee compensation and still make our sales people very happy,” said Madiedo. “CompenSafe has helped us manage all of that while providing a transparent window into the process and that’s been great.”

“In today’s competitive market, there’s more demand on lenders than ever before to maximize the efficiency of loan production, but that demand has to be balanced with keeping sales staff motivated,” said Lori Brewer, founder and CEO of LBA Ware. “CompenSafe helps lenders strike a balance between profitability and productivity, and It’s extremely gratifying to be able to provide a growing lender like Alterra with the tools it needs to advance its success in the marketplace.”