Bookkeeping for mortgage brokers
A brokerage earns in bursts: files close when they close, and commissions land weeks after the work. Loan officer splits, lender-paid and borrower-paid compensation, licensing renewals and marketing spend all move on different calendars. Mispar keeps every file's revenue and cost matched to the month it belongs to. Plans start at $229/mo.
Best for: Independent mortgage brokers, small brokerages with a handful of loan officers and branch managers who need clean per-file and per-officer numbers.
Reconciled
Commission splits
Matched
Per-file revenue
Tracked
Licensing costs
Visible
Payout timing
How Mispar keeps your brokerage books clean
Industry-specific accounts and categorization, with the reporting scope agreed before work starts.
Lender-paid commissions
Record each closing's commission against the settlement statement and lender wire, so the amount invoiced is the amount received, file by file.
Loan officer splits
Calculate and record each officer's split under the agreed compensation plan, with the supporting file detail attached instead of rebuilt at payday.
Borrower-paid fees
Keep borrower-paid points and fees separate from lender-paid compensation, since the timing and the paperwork follow different paths.
Pipeline revenue timing
Match revenue to the month each loan funds rather than the month the application arrived, so one heavy closing month does not distort the quarter.
Licensing and compliance costs
Track NMLS renewals, state licensing, surety bonds and continuing education as their own lines, so compliance spend is visible before renewal season.
Marketing and lead costs
Record lead purchases, referral partner costs and advertising per channel, so cost per funded file can be reviewed instead of guessed.
A simple, predictable process
From kickoff to your first clean close, here is exactly what happens.
Review your current records
We start from what you have: settlement statements, lender wires, payroll or split reports and bank feeds.
Map the chart of accounts
Commission income, officer splits and licensing costs are mapped to an agreed chart of accounts that fits your compensation structure.
Reconcile closings monthly
Each funded file's commission is matched to its wire and each officer's split is reconciled against the agreed plan.
Close the month
Monthly statements with an exceptions list and the per-officer or per-file reporting agreed for your brokerage.
Illustrative example
A brokerage funds nine loans in one month and two the next. Revenue looks erratic until each file's commission is matched to its funding month and each officer's split is recorded with it. The flat month stops looking like a crisis and the busy month stops looking like free cash. This is an illustration of the method, not a customer case or a guarantee.
Mortgage Brokers bookkeeping — your questions
How do you handle loan officer commission splits?
We record each funded file's commission and apply the split percentages from your compensation agreements, keeping the file-level detail with each payout. Changes to a plan are reflected from the agreed effective date.
Should revenue be booked when a loan closes or when the wire arrives?
In practice we match each commission to its funding record and then reconcile the wire against it, so nothing is counted twice and stale receivables get flagged instead of forgotten.
Can you track profitability per loan officer?
Yes, when each officer's files, splits and direct costs are recorded separately. We set up the agreed per-officer reporting; complete closing data is what makes it reliable.
How are licensing and compliance costs handled?
They are tracked on their own lines with renewal dates noted, so the annual NMLS and state renewal cycle shows up as a planned expense rather than a surprise.
Does the $229 starting plan cover my brokerage?
The final plan and scope depend on file volume, officer count and accounts. We agree that scope before starting; catch-up work is discussed separately.
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