FirstBank OnBoarding Manual - Flipbook - Page 155
EXPENSE REPORT GUIDELINES
Loan Officer Budget
•
Monthly budget is to cover cost-of-doing-business expenses. You should always stay within your
budgeted monthly (or quarterly) allotment. If there is an expense you'd like to include that is over
your budgeted amount, you should always get approval from your manager PRIOR to paying for the
expense, unless you are willing to pay for it entirely. Money does not roll over from quarter to quarter.
Loan Officer Assistants & Team Mortgage Bankers
•
Do not have a monthly budget.
•
Any expenses acquired will be calculated under the primary LO's budget. Always make sure
expenses submitted are approved by the LO prior to submitting for reimbursement.
•
Submit your expenses MONTHLY!
•
Everything you spend must be counted against your budget, including lunch and learns,
advertisements, sponsorships, business cards, promo and swag orders, closing gifts, membership
dues, customer appreciation events, etc...
Allowable Expenses:
•
Closing Gifts: Must properly document with business purpose and have valid receipts.
•
Travel Expenses: Includes mileage to FirstBank training or mandatory events. Air fare, lodging, and
car rentals when necessary and with prior approval.
•
GIFT CARDS: Comments must say how many were purchased, how much each was for, and list the
recipient of each.
Incorrect
•
154
Correct
MEALS: Comments must detail the business discussed and list the names of those in attendance.
Onboarding Manual
Confidential. Property of FirstBank. Not for Distribution.
