{"id":32582,"date":"2022-12-14T17:31:06","date_gmt":"2022-12-14T12:31:06","guid":{"rendered":"http:\/\/myanmarnewsgazette.com\/?guid=d309e727a59f1dc4bdce2e2a117e98b8"},"modified":"2022-12-14T17:31:06","modified_gmt":"2022-12-14T12:31:06","slug":"crosscountry-mortgage-partners-with-simplenexus-to-implement-compensafe-incentive-automation-into-its-workflow","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/crosscountry-mortgage-partners-with-simplenexus-to-implement-compensafe-incentive-automation-into-its-workflow\/","title":{"rendered":"CrossCountry Mortgage Partners with SimpleNexus to Implement CompenSafe Incentive Automation into Its Workflow"},"content":{"rendered":"

National lender selects CompenSafe to improve incentive compensation administration and communication<\/h4>\n

LEHI, Utah, Dec. 14, 2022 (GLOBE NEWSWIRE) — SimpleNexus (https:\/\/simplenexus.com\/<\/u><\/a>), an nCino (NASDAQ: NCNO) company and developer of the leading U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced that CrossCountry Mortgage is implementing\u00a0CompenSafe<\/u><\/a>\"\u2122\" to manage incentive compensation for its loan originators.<\/p>\n

CrossCountry Mortgage is one of the nation\u2019s largest retail mortgage lenders, operating a network of approximately 800 branch locations across all 50 states. The organization selected CompenSafe, the only incentive compensation management (ICM) solution designed for mortgage lenders, to provide staff with near real-time visibility into their pay and to automate complex payroll functions associated with managing mortgage compensation plans.<\/p>\n

CompenSafe integrates with lenders\u2019 loan origination systems (LOS\u2019s) to automatically calculate compensation as loans fund. Flexible enough to process draws, guarantees, tiers, quality-related payments and more, the platform enables lenders to reliably produce payroll more quickly and accurately than spreadsheet-based incentive compensation management methods. CompenSafe gives loan officers, branch managers, processors, underwriters and all employees greater transparency into their commissions, bonuses and overrides by outlining how compensation is calculated and when it will be dispersed. A cloud-based portal enables employees to view compensation updates, submit questions to payroll and manage compensation disputes, all in one place for complete audit and compliance.<\/p>\n

\u201cIncentive compensation is the largest expense in lenders\u2019 ledgers, and it is also one of the most burdensome to manage,\u201d said Ben Miller, CEO of SimpleNexus. \u201cCompenSafe is a value-add that helps lenders like CrossCountry Mortgage recruit and retain key employees, eliminate cumbersome administrative processes, mitigate risk and protect their bottom lines.\u201d<\/p>\n

About SimpleNexus<\/strong>
\nSimpleNexus, an nCino (NASDAQ: NCNO) company, is an award-winning developer of mobile-first technology for the modern mortgage lender. U.S. lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate professionals, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world\u2019s Best Workplaces for Innovators. For more information, visit\u00a0https:\/\/www.simplenexus.com<\/u><\/a>\u00a0or follow @SimpleNexus.<\/p>\n

Media Contacts<\/strong>
\nLeslie Colley
\nDepthPR for SimpleNexus
\n+1 678.622.6229
\nleslie@depthpr.com<\/a><\/p>\n

David Bolin
\nSimpleNexus
\n+1 414.688.6077
\ndbolin@simplenexus.com<\/a><\/p>\n

Safe Harbor Statement<\/strong>
\nThis press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words \u201cbelieves,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201canticipates,\u201d \u201cplans,\u201d \u201cseeks,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cmight,\u201d or \u201ccontinues\u201d or similar expressions. Any forward-looking statements contained in this press release are based upon nCino\u2019s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino\u2019s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino\u2019s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at\u00a0www.ncino.com<\/a>\u00a0or the SEC’s web site at\u00a0www.sec.gov<\/a>). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.<\/p>\n

GlobeNewswire Distribution ID 8714144<\/p>\n","protected":false},"excerpt":{"rendered":"

National lender selects CompenSafe to improve incentive compensation administration and communication LEHI, Utah, Dec. 14, 2022 (GLOBE NEWSWIRE) \u2014 SimpleNexus (https:\/\/simplenexus.com\/), an nCino (NASDAQ: NCNO) company and developer of the leading U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced that CrossCountry Mortgage is implementing\u00a0CompenSafe\u2122 to manage incentive compensation [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"\nCrossCountry Mortgage Partners with SimpleNexus to Implement CompenSafe Incentive Automation into Its Workflow - Myanmar News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myanmarnewsgazette.com\/crosscountry-mortgage-partners-with-simplenexus-to-implement-compensafe-incentive-automation-into-its-workflow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CrossCountry Mortgage Partners with SimpleNexus to Implement CompenSafe Incentive Automation into Its Workflow - 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