Reducing cost per loan using Lean principles

Transform your loan processing, Reduce cost per loan by over 2000$ with these simple suggestions.

Download This Free Whitepaper

Abstract:

The fortunes of the lending industry have seen some significant swings due to reducing volumes, increased compliance cost and margins hitting an all-time low. Most lenders are losing money for every loan produced.

There has been a lot of talk about digital mortgages and technology, but the adoption of these technologies and the return on investment has been low for many of the SMB mortgage and title companies.

In such a scenario, what can a mortgage/title company do? We recently engaged with amortgage company in a specialized lean analysis engagement, and we came with interesting findings.

With this whitepaper, we will take you through the details of the findings and our recommendations to them. Several of these will be applicable in your own set up as well.

What You Will Learn:

  • Findings from documenting workflows and procedures
  • Conducting a lean analysis and identifying NVA activities
  • Quantify time and money spent on NVA activities
  • Conducting a detailed value stream mapping exercise
  • Final recommendations on six important parameters