The Simple Secret to Maximizing Lending Efficiencies in a High Volume Market

This year’s low mortgage rates fueling record-high lending volumes paired with adapting to remote work has created a rollercoaster for mortgage professionals. Higher volumes require LOs, LOAs and processors to juggle significantly higher volumes of details, documents and deadlines every day.

Without smarter systems, the daily time and effort required to make sure nothing falls through the cracks increase proportionally to volume. Inevitably with all the additional information to track, important details or steps get missed. The result is wasted time, lost effort, potential penalties and lost revenues. But it doesn’t have to be that way.

This whitepaper explores how a forward-thinking division of American Pacific Mortgage overcame all of these issues, increased its production and revenues by 280% and quadrupled processing in under 30 days. The division has reported significant and near-immediate benefits including:

280% increase to ongoing revenues with no additions to headcount

Quadrupled production and processing productivity

10,400% ROI achieved in the first month

Learn more and see how they did it.

Author: TeamworkIQ

Date: October 2020

Popular White Papers

Accurate Pricing in a Volatile Rate Environment

Following two years of rate volatility in the housing market, accurate mortgage pricing has become more important that ever for mortgage lenders and their capital market partners. In response to this need, lenders across the industry have employed innovative tools to meet this demand. How can lenders keep up with a constantly-evolving market? More importantly, […]

Featured Content

Home equity access: How Finance of America bolsters the market with home equity products

In today’s economy, mortgage rates and housing expenses have consistently risen. As a result, older citizens are tapping into their retirement savings to cover costs—if they have it. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new […]