Splitting Templates allow you to apply common commission splits quickly when the same brokers or referrers receive commission regularly. They help you reduce manual entry, maintain consistency, and avoid errors in split percentages.
To use Splitting Templates, you must have Commission Splitting and Payee access. See Commissions Access in Mercury
Before building a template, make sure all required payees have been created. See Create & Manage Payees.
Note: Users in Virtual Branches cannot access Commission Splitting menus.
Create a Splitting Template
In the Commissions App, select Splitting Templates in the left-hand panel.
Click New Splitting Template.
Enter a Template Name.
Click the Loan Writer drop down box and choose the Loan Writer. This will allow the assigned Loan Writer to use this Splitting Template from within a Virtual Branch. If the Splitting Template is not to be used by a Loan Writer from within a Virtual Branch, leave as Not Applicable.
Add up to four Payees to the template. The payee’s Default Split will auto-populate for both Upfront and Trail. You can override these values by entering your own percentages.
Important: Total split percentages must not exceed 100% of the commission amount.
Click Add to save the template.
Applying a Splitting Template
Open the Commissions tab.
Select either Interim Upfront Commissions or Loan Accounts from the left-hand panel.
Choose the loan account that needs a commission split applied.
Click Edit Splits.
5. Open the Splitting Template dropdown and select your template.
6. The default split values will populate automatically. You can adjust any field manually if needed.
Need help?
If you need help using commission splitting or Splitting Templates, contact your Partnership Manager or email [email protected].