Mortgage Brokers

Clear Financial Records for Your Mortgage Brokerage

Mortgage brokers need visibility into commissions earned, costs associated with individual loans and payroll expenses. When these records are spread across lender statements, loan files and accounting systems, understanding business performance can become time-consuming.

OBG Outsourcing provides bookkeeping and accounting support focused on commission tracking, loan-level profitability and payroll. We help mortgage brokerages and the accounting firms serving them maintain organized records, reconcile transactions and prepare useful management reports.

Commission Tracking

Commission receipts need to be matched with the relevant loan records and lender statements. Differences between expected and received amounts can arise from payment timing, adjustments or incomplete supporting information.

We track commissions using your approved schedules and available loan records, reconcile receipts against lender statements and bank deposits, and document differences for review. This helps your team see which commissions have been received and which require follow-up.

Outstanding Commissions and Adjustments

Keeping track of unpaid commissions is important when receipts fall into a different reporting period from the related loan closing.

We maintain outstanding commission schedules, record documented adjustments and track commission reversals or clawbacks where applicable. Supporting records help your designated reviewer investigate differences and approve any accounting changes.

Loan-Level Profitability

Total commission income provides only part of the picture. Reviewing the costs associated with individual loans helps your brokerage understand how each completed transaction contributes to business results.

We organize commission income and identifiable costs by loan, using consistent loan references and available supporting records. Reports can include processing charges, directly attributable third-party expenses and approved loan officer compensation allocations.

Direct Costs and Overhead Allocation

A useful profitability report distinguishes costs directly associated with a loan from general brokerage expenses.

We track direct loan costs separately and apply your management-approved allocation method for shared expenses where required. This allows reports to show contribution before overhead and results after allocated costs, helping your team understand how the figures are calculated.

Payroll Preparation Support

Payroll records may include salaries, approved commissions, bonuses, deductions and other adjustments. Bringing these inputs together consistently helps make each payroll cycle easier to review.

We organize payroll inputs and prepare supporting schedules based on your approved compensation arrangements. Your brokerage retains responsibility for compensation policies, employee classifications and final payroll approval.

Payroll Reconciliation

Payroll expenses and liabilities should agree with payroll reports, accounting entries and bank payments.

We reconcile payroll postings, net pay, deductions and employer costs against available payroll records. Differences and uncleared balances are documented for your team or payroll provider to resolve, helping maintain organized payroll accounts.

Management Reporting

Regular reports help management connect loan activity with the brokerage’s financial results.

We prepare commission summaries, loan-level profitability schedules and payroll cost reports. Where reliable data is available, reporting can be grouped by loan officer, branch, lender or reporting period to help your team review income trends and operating performance.

Month-End Accounting Support

Consistent monthly reconciliations provide a stronger foundation for reporting. Missing commission statements, unrecorded expenses and unresolved payroll entries can make results difficult to interpret.

Our team supports bank reconciliations, ledger reviews and preparation of commission and payroll schedules. Outstanding queries are documented for your designated reviewer before monthly reports are finalized.

White-Label Support for Accounting Firms

OBG Outsourcing also works behind accounting firms serving mortgage brokerage clients. We assist with commission tracking, loan-level reporting, payroll reconciliation and supporting workpapers while your firm retains the client relationship, review authority and final approval.

With organized accounting records, your team can spend more time supporting borrowers and developing lender relationships.