Archive: KPIs

The numbers are in! Where do you fall in the Mortgage Cadence Annual Benchmarking Study?

"This is critical for lenders who want to grow their businesses this year because the battle for borrower share is a zero-sum game."

Every moment someone in the lender’s shop is working on the deal the company is accruing costs. The longer it takes, the higher the cost-to-close and the lower the profit the lender will receive from the deal.

Every lender should work to get every bit of power out of the technology tools in which they invest. In our study of the best performers in the industry, we found that the nation’s top lenders respond to this question in three primary ways.

Wondering how your institution compares to the industry average when it comes to key performance statistics? Find out how Mortgage Cadence customers are tracking progress against their goals to build a growth strategy and gaining wallet share using these surprisingly simple equations.

The need to be competitive in the mortgage lending business has never been greater. Fortunately, depository lenders have an advantage in this area as their existing customer base is a ready-made prospect database for mortgage lending, if they can tap it. High performance lending and greater profitability comes can be tracked to 5 KPIs.