4 Ways for Correspondent Lenders to Reduce Costs in Pre-purchase Reviews by 45%
You can save over 45% costs in a full portfolio QC and reduce the time taken for these reviews by over 30%, while maintaining the same quality.
As a correspondent, when you on-board bulk loan portfolios, you need to do a full portfolio QC to ensure that there are no bad loans in the portfolio. These pre-purchase reviews can be very time consuming and they can get pretty expensive as well.
What if you were able to save over 45% costs in a full portfolio QC and reduce the time taken for these reviews by over 30%? This will signify direct benefits in terms of margins and significant savings in time.
What steps can Correspondent lenders take to reduce the costs in pre-purchase reviews, reduce risk and complete this process much faster, almost 30% faster. We thought of 4 ideas that can provide quick ROI. Also, with no upfront investments involved, the correspondent lender virtually has no risk associated with these initiatives.
In case you would like to test our OCR tool, go ahead and submit your files now
Copyright © 2018 Visionet Systems