- Press Release
- Published: December 2019
McLagan, the financial services unit of Aon’s Rewards Solutions practice, and beqom, a cloud-based total compensation software provider, are joining forces to bring mortgage banks a radically improved total compensation experience.
With the input of McLagan’s leading mortgage banking clients, beqom has released new reports and features specifically designed to help mortgage banks enhance the administration and delivery of their compensation programs. These tools will drive greater organizational transparency, support better governance and improve the effectiveness of compensation spend.
“At McLagan, we know determining how best and how much to pay your people is only one part of the rewards equation. Managing, monitoring and communicating pay programs is also critical to ensuring success,” comments Rob Northway, a Partner at Aon. “With beqom, we’re now able to provide our mortgage banking clients with a trusted partner who can support end-to-end compensation administration. We appreciate beqom’s incredible responsiveness to the needs of our mortgage banking clients, which is already driving exciting new updates to beqom’s solutions.”
Importantly, beqom's comprehensive approach supports stakeholders at every level of mortgage banking organizations, including:
- Executive Management – Drive improved revenue and profitability results via a consolidated view of business and productivity metrics, along with associated compensation costs.
- Sales Leadership – Leverage real-time productivity and compensation data to more proactively retain top producers and manage out low performers.
- HR & Compensation Professionals – Understand the impact and ROI of compensation programs across the full organization, including the most complex incentive plans and team-based selling situations.
- Loan Officers – Gain a clearer view into expected compensation outcomes through real-time transparency into loan production, pipeline, and pay across performance periods.
“As we look to use our technology to enable and enhance how mortgage banks administer and communicate their compensation programs, which can be incredibly complex, we can’t think of better experts than McLagan and their clients to help guide our way,” says Vismay Gada, Head of Financial Services at beqom. “I’m excited to enter into a partnership based on mutual learning and with a goal of providing a highly tailored, industry-specific experience to such an important client community.”
To learn more about McLagan and beqom are working together to support mortgage banking clients, click here.