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Home » Store » Taxable » Mortgage Lenders Look for Ways to Tie Employee Compensation to Profitability

Mortgage Lenders Look for Ways to Tie Employee Compensation to Profitability

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Mortgage bankers have had a difficult time breaking from the classic model of paying loan production people based on the volume of business they generate, but the industry appears to be slowly moving toward new compensation strategies based on profitability. The key advantage to incentive-based compensation is that it allows employers to align executive and employee interests with the company’s goals, said Andrew Lavick, VP at Aon Consulting, which conducts an annual compensation survey
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