6 Ways to Reduce Cost of Loan Production by 50%

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

Wholesale 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 wholesale lender, when you do loan boarding and prepare the file for a pre-underwriting QC, there is a host of processing work that you need to complete. This can be expensive and can also consume a lot of time.

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.

In case you would like to test our OCR tool, go ahead and submit your files now

What You Will Learn:

  • How you can speed up bulk processing and be 50% faster
  • 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