Design thinking study reveals solutions for inefficiencies in mortgage process.
“You’ll only make the mortgage if you reach your member at the opportune time.”
“A single technology platform stores all relevant loan and borrower data in the same way and in the same place, simplifying audit trails and compliance reporting. This alone has been reason enough for many lenders to put all real estate lending on the same platform.”
Matt Hydrew, EVP Sales
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.
This single-system approach benefits lenders by eliminating the risk of human error, reducing labor and accelerating loan closing.
Mortgage Cadence leads the pack by integrating this new integrated functionality from MGIC into their LOS.