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