Loan City Deploys Xactly Sales System

LoanCity, San Jose, Calif., has announced that it took just 48 hours to deploy the Xactly Incent sales compensation management system for its nationwide network of 200 sales professionals.San Jose, Calif.-based Xactly Corp. offers the Web-based on-demand system as a tool for motivating a sales force to increase sales because its real-time visibility offers them a transparent way of seeing how their efforts directly correlate with compensation. LoanCity, founded in 1987, was a Web pioneer for the mortgage industry. Offering independent mortgage brokers the full spectrum of loan programs through 15 regional processing centers, with all pricing and underwriting done through its proprietary automated underwriting system, LoanCity funded $7 billion in 2005. The companies can be found online at http://www.loancity.com and http://www.xactlycorp.com.