6 Ways to Reduce Cost of Loan Production by 50%

As a correspondent lender, full portfolio QC can be time consuming and expensive. How can you save over 45% costs plus several more ideas discussed in the eBook.

Correspondent Lender - 6 Ways to Reduce Cost of Loan Production by 50%

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Abstract:

Today’s business environment of higher interest rates, declining loan applications, and higher cost of compliance is a challenge to all lenders. As a correspondent lender, you spend significant time and costs on full portfolio QC. How can you reduce cost on these portfolio reviews? How can you reduce your overall cost of loan production as well by 50%?

We thought of 6 ideas that the lender can think of implementing, which will give them quick ROI. Also, with no upfront investments involved, the lender virtually has no risk associated with these initiatives.

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What You Will Learn:

  • How you can speed up bulk processing and be 50% faster
  • What can you do to ensure 99.5% accuracy
  • Using ‘Pay as you go’ to scale operations at reduced costs
  • Leverage tech from day 1 without any upfront costs
  • Building flexibility in terms of resources and licensing