It is the only true apples-to-apples comparison of lender performance available in the industry.
It is the only true apples-to-apples comparison of lender performance available in the industry.
The numbers are in! Where do you fall in the Mortgage Cadence Annual Benchmarking Study?
"When lenders spend resources to get borrowers to prequalify but then do not follow up in order to get the deal once the borrower finds a home, they are leaving money on the table."
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.
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.
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.
Tracking these KPI’s and maximizing them is one of the surest signs of a high performance lender.
One of the 5 key metrics to monitor if you're looking to increase your profitability in mortgage lending is your Pull Through rate.
The product suite walks prospective homebuyers through the mortgage application process step-by-step and enables clients to provides loan status and other information related to the borrower’s loan application via tools within the platform.
"In order to satisfy all segments of the market, the survey results suggest a reasonable balance between automation and human interaction needs to be established."
These four super heroines are taking the mortgage industry by storm and leading the lending capabilities in their roles.
"Users of Mortgage Cadence’s Imaging Center can deliver non-delegated loan documents to Arch MI without using external websites, providing a completely on-platform and simplified user experience."
The thing is, though, that the five-year period from 2012 through 2016 was a period in mortgage history like no other. The data keeps raising interesting questions as well as yielding interesting results.
"We should start educating the public, especially first-time homebuyers on affordability."