“As lenders carefully evaluate their personnel and operating expenses, one area of focus that should be included is expense control. Too often, both loan and non-loan expense approval and reconciliation is managed through a labor-intensive, error-prone, manual set of processes. …

Whenever two institutions are consolidated into one, it presents a litany of logistical and operational challenges, and as the lifeblood of most institutions, particular attention must be paid to lending departments. Profitability drives growth and whether as part of an …

“Mortgage lending has always been a volume game. Traditionally, narrow profit margins have made it necessary for lenders to originate as much as they can at the lowest cost in order to stay profitable — a task that is aided …

“Prior to 2020, the mortgage industry was facing a serious staffing problem. The pandemic in 2020 continued this problem as both young and experienced mortgage professionals rapidly left the industry. The efforts of the pandemic changed employees’ expected environment and …

Google Cloud has even gone so far as to release a dedicated service for the mortgage industry, dubbed Lending DocAI. The cloud allows far greater levels of capability, reliability, flexibility and security to lenders because these established technology companies have …

Financial reporting should go beyond just the accounting department. Loan officers, branch managers, c-level executives and more are all in need of greater access to granular financial data and in-depth accounting tools. The pandemic rapidly spurred the adoption of tech …

Diamond Residential Mortgage Corporation (DRMC), a client of Advantage Systems, has announced that it produced over $1 billion in loan volume for the second year in a row.   Non-QM lender Diamond Residential Mortgage tops $1 billion in loan originations …

With mandates and restrictions in place, mortgage lenders have been tasked with finding ways to continue operating profitably with a newly distributed workforce. And while much attention has been given to the innovative ways that lenders have enhanced the borrower-facing …

Joe Ludlow: Lenders Need Knowledge and Expertise to Capitalize on the Purchase Market MortgageOrb July 14, 2021 Read more on MortgageOrb.

Be Nimble: Compensation software must handle the complexities of a competitive mortgage world By Joe Ludlow, Vice President of Advantage Systems Scotsman Guide Read more in the PDF of this month’s edition of Scotsman Guide.