HomeBanc to Adopt Base-Salary-Plus Plan

HomeBanc Mortgage Corp., Atlanta, will introduce a base-salary-plus-commission compensation plan next year that is rare in the mortgage industry, the company has announced.Most companies pay mortgage bankers on a 100% commission plan based on monthly loan volume, but HomeBanc's chairman and chief executive says the new plan should increase the pool of candidates, especially new college graduates, who would consider making a career at the company. "HomeBanc is known as one of the best places to work in America, but right now there is a large pool of very talented people who for one reason or another will not consider a 100% commission job," said Patrick S. Flood. "We believe this new plan should change that and should increase our opportunities to recruit top people into our field who can help us build HomeBanc and become our next generation of leaders. The company can be found online at http://www.homebanc.com.