Archive: Productivity

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

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 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.

"After recently achieving the largest mortgage closing volumes in CCFBank's history, it was looking to capitalize on this growth with a new loan origination platform that enabled increased digital engagement with its customers."

With the 2018 effective date just around the corner, how are you preparing for the new HMDA rule? Mortgage Cadence's Amanda Phillips and Matt Hydrew walk you through the steps you should be taking now to ensure you're ready.

“Implementing our technology with the additional support and guidance of partners like PwC offers our clients a competitive leap forward to more quickly realize gains in efficiency, ultimately helping to exceed borrower expectations."

Mortgage Cadence's Jacob Petersen, EVP of Client Solutions, outlines the steps you should be taking to ensure your customer-facing teams provide best-in-class service.

By: Dan Green for CBInsight There was good news a few weeks ago for mortgage lenders. In late August 2015, the Mortgage Bankers Association reported that the all-in cost-to-close for mortgage loans decreased from $7,195 to $6,984, a total savings of $211. Two hundred bucks might not seem like a big deal, but it is, […]

While there is no perfect formula for nurturing real estate agents, our survey does provide a glimpse into what makes them tick.

By: Dan Green for CBInsight Community bank mortgage lending takes on many shapes. Every community bank has a unique set of processes, products and supporting technology, so what are the unifying factors that all mortgage lenders should watch to determine their performance? Last month we talked about mortgage customer share and mortgage employees per 1,000 […]

Mortgage technology overhaul or tune-up? This is the question every lender should ask and answer after reviewing their productivity results.

By: Dan Green for CBInsight Each year brings new opportunities for a fresh start. New resolutions. New goals. New tactics for success. Have you looked beyond your personal goals and thought about what new strategies you will establish this year to amplify your business objectives? With 2014’s shift to purchase lending, we are likely to […]