1st Metro Offers Compensation Options

1st Metropolitan Mortgage, a national mortgage broker headquartered in Charlotte, N.C., has announced that it will offer a choice of two compensation plans to its branch managers, one based on funded loan volume and the other on a percentage of gross revenue.The new commission structure will be available to new branches, and existing branches will be able to switch to the new option based on funded loan volume, the company said. "FlexChoice will allow [branch managers] to feel empowered and in control of their destiny and they will, in turn, work harder to reach their own goals," said Daniel Jacobs, chief operating officer of 1st Metropolitan. The company said it plans to have FlexChoice rolled out by the end of the summer.