Comp Tiers

A comp tier consists of predefined profit margin settings that are used to add lender-paid broker compensation to the lender pricing for banked loans to account for LO comp paid to loan officers. Multiple individual users or entire offices can be assigned to a comp tier, which enables you to quickly apply the same profit margin settings to groups of users. The Comp Tier tab displays a table of comp tiers. Each entry includes basic information for a comp tier including the percentage, dollar amount, and minimum and maximum allowable amounts for the LO compensation. The Recent Change History section lists any recent changes that have been made to the comp tiers, including the date and time of the change, the user who made the change, the name of the comp tier that was changed, and details of the change.

ClosedTo Create a Comp Tier

  1. Log into ICE PPE as a Client Admin.
  2. Click on the Admin tab, and then click on the Comp Tiers tab.
  3. Click Create new tier.
  4. On the Originator Compensation Profit MarginTiers screen, type a Tier Name.
  5. For the Profit Margin Value, enter a percentage or dollar amount (or both) for the profit margin.
  6. Enter the minimum amount guaranteed and the maximum amount allowed for the LO comp.
  7. Select an option to apply the profit margin to both creditor-paid and borrower-paid scenarios, or only to creditor-paid scenarios.

By default, ICE PPE omits LO comp when Encompass users select the borrower compensation option when using ICE PPE to search for rates. Typically the LO comp is included in the origination fee. However, if you want to ensure that your loan officers automatically charge the borrowers a fee that is sufficient to cover LO comp, select the Apply to both creditor- and borrower-paid scenarios option to incorporate the fee into the loan price. This setting does not apply to wholesale products that are brokered by the originator.

  1. When finished, click Save.

ClosedTo View User Tier Assignments

  • Click view users in the action column to view the users in a tier.
  • Click Show users not assigned to any tier below the table to view users who are not assigned to a tier.

ClosedTo Assign a User to a Comp Tier

  1. Click assign in the Action column to assign a user to a comp tier.
  • A Tier Assignment section displays with the Comp tier selected in the Assign dropdown list.
  1. Select All users in the selected offices or select one of the options for choosing selected users from a group.
  2. When the list of groups or users displays, select the check box for one or more groups or users on the list, and then click Save.

ClosedTo Edit or View Detailed Information for a Comp Tier

  1. Click an entry in the Name column or click edit in the Action column.
  2. Make edits as needed, and then click Save.
  • Or click Cancel to view the entries without making edits.

ClosedTo Copy a Comp Tier

  1. To copy a comp tier to create a new comp tier, click copy in the Action column.
  2. Rename the tier, make edits as needed, and then click Save.

ClosedTo View the History of Changes for a Comp Tier

  • Click history in the Action column to view a pop-up window with a history of changes for the comp tier.

ClosedTo Delete a Comp Tier

  1. To delete a comp tier, click delete in the Action column.
  2. Click OK when the confirmation message displays.

ClosedTo Remove Users from a Comp Tier

  1. Click Remove Tier assignments from users below the table.
  • A Tier Assignment section displays with NO Tier selected in the Assign dropdown list.
  1. Select a group from the second dropdown list.
  2. When the list of users in the group displays, select the check box for one or more users to be removed from the list, and then click Save.

ClosedTo Sort Comp Tiers

  • Click a column header to sort the entries in ascending and descending order based on the information in each column.