Archive: High Performance Loan Production

Watch our Borrower Experience demo to see how lenders are enabled to work more efficiently, resulting in a better borrower experience from lead to loan.

"Just a small increase in Productivity yields significant increases in profitability."

"One thing we all know is the cost of making a mortgage has never been higher. We’ve watched it more than double over the last ten years. At the same time, productivity, the closest performance indicator cousin to cost-to-close, has never been lower."

"It also offers evidence of the high cost of complying with the numerous complex regulations our industry is subject to today."

With a true SaaS option, new updates are automatically applied to lenders’ technology. There’s less involved on the lender side to ‘take’ the upgrade.

More than 50% of your Cost-to-Close is labor, so monitoring this metric helps management focus their attention on those activities that are affecting production and dragging down profitability.

Where the historic best of breed argument was more theoretical with far more limited options, today the possibilities are practically limitless, making concrete best of breed more attainable.

Mortgage Cadence leads the pack by integrating this new integrated functionality from MGIC into their LOS.

If solely technology could make the difference, those using the “best” LOS would all perform at a very high level. The truth is, however, that technology is only part of the answer.

Becoming a high-performance lender will reduce the cost to close. Our data shows the average lender will save $3 million per year.

"Too often, lenders will adjust staff in anticipation of volume changes, a costly and inefficient way to meet market demands and ultimately reduces their Productivity metric. Our top performers address this challenge differently." Read below.

Operational efficiency happens when your team is executing against a strategic plan in the most productive way. Your people, processes and technology are in cadence and you're achieving high performance lending which leads to satisfied borrowers, more closed loans, higher profitability, and all with the highest level of regulatory compliance.

TopLine has replaced all legacy systems with Mortgage Cadence’s suite, paving the way for increased lending profitability and a better borrower experience.

The integration helps Mortgage Cadence customers eliminate hours of manual document review and accelerate time to close while providing systematic income calculation and verification for self-employed borrowers.

After a quick 90-day implementation, Home Bank is now live on the platform and also using its integrated Borrower Center, an intuitive online origination portal.