6 Ways to Reduce Cost of Loan Production by 50%

As a retail lender, how can you reduce the processing costs and time involved? How can you save over 45% costs plus several more ideas discussed in the eBook

Retail 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 retail lender, you spend significant time and costs on loan processing. How can you reduce cost of processing by over 45%? 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 processing with scale
  • Ensuring 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