Case Study: First Coast Mortgage streamlines commission payroll with Sequifi

First Coast Mortgage cuts payroll processing time by 92% with Sequifi

First Coast Mortgage, a rapidly scaling mortgage lender, faced significant challenges managing complex commission calculations for over 40 loan officers using manual Excel spreadsheets. This process, which involved multiple data sources like rate locks and investor purchase advice, was slow, prone to error, and created a lack of transparency for their team. To overcome this payroll chaos and support further growth, they turned to Sequifi for its commission and payroll automation service.

Sequifi implemented a solution that integrated directly with First Coast's Encompass system, automating commission calculations as soon as loans were completed. This provided loan officers with real-time visibility into their earnings and reduced payroll processing time by 92%. As a result, First Coast Mortgage has been able to manage over $200 million in volume without adding operational staff, allowing the company to grow confidently against market trends.

First Coast Mortgage