As lenders continue to sell off production and look to reduce expenses, today’s market demands a shift from an opportunity-focused environment to one driven by marketing and sales strategies. In the current challenging market, lenders are struggling to drive loan …

In this time of low volumes and tight margins, many lenders are scrutinizing expenses more closely and seeking innovative ways to enhance efficiencies and gain greater control over their operations. One area that is ripe for improvement is vendor management …

In today’s higher interest rate, lower volume, purchase loan environment, success for lenders often hinges on having “feet on the street,” meaning community-based branch locations with local loan officers familiar with the market and realtors. This is driving an industry …

“Branches now are becoming more important. Loan officers are becoming more important,” Ludlow said. “I think the trend in the market in the next few years will be the formation of more branches.” Advantage Systems is a provider of accounting …

When it comes to the loan application process, lenders have been riding the real-time data wave for quite a while. With the ability to quickly verify borrower income and employment, paired with up-to-the-minute updates on appraisal, flood and title services, …

Lenders have, for a while now, embraced the use of real-time data in the loan application and origination process. Notably, through verification of income and employment when evaluating borrowers or real-time updates to appraisal, flood and title services, time-to-close has …

“Despite embracing modernization when it comes to borrower experience and loan processing in the origination phase, many mortgage lenders still find themselves reliant on an outdated batch processing approach when it comes to back office operations and management of their …

“As lenders budget for 2023 and factor in cost savings, they are realizing the importance of having branch-level profit and loss (P&L) data, especially as they are managing reductions of both fixed and variable costs. To learn more, MortgageOrb recently …

“In the current purchase market, where access to faster reporting is imperative to lenders’ branch profitability, Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced today the availability of its new Expense Management Branch …

“The key to lowering existing operational costs to efficiently manage “the spend” lies in equipping lenders with access to faster reporting, including detailed insight into loan volumes or margins and profits, for each branch within their network. Automated reporting capabilities …