Credit Unions – Financial Institutions
Mortgage Solutions: Forward and Reverse Mortgage Platform
Financial Institutions are experiencing dynamic changes. Market volatility, increased regulation, shrinking demand, globalization and competition are driving the industry to adopt new operating models. Outsourcing has been adopted by financial institutions as a key strategy to survive and thrive.
With the burden of increased regulation and the resulting increase in origination costs and other operating risks, some financial institutions are finding they are no longer able to have a viable, profitable mortgage business.
Everything has Changed
We all know the mortgage origination landscape has forever changed. Today’s environment includes increased compliance and regulatory requirements, constant uncertainty, a focus on quality, and customers who demand fast turn-times and prompt customer service. These factors have led to a continual increase in expenses and the cost to originate a loan.
Keep the Relationship
Yet, financial institutions still want to be able to offer their customers mortgage products while at the same time not lose the relationship to a competitor. Unfortunately, they come with a price tag that many financial institutions just cannot afford.
Mortgage Solutions Makes the Difference for You
The solution to this dilemma is the Mortgage Solutions Platform. We offer private-label, fully compliant mortgage outsourced services to mortgage lenders in the business of originating loans direct-to-consumer or through third parties.
We provide superior loan processing solutions to reduce costs, generate revenue, allow you to stay focused in an increasingly competitive landscape, and position you for future growth.
We walk you through every step of the mortgage transaction.
From origination to funding, streamline your loan processes while improving efficiencies. Our process is:
Enjoy one of the fastest go-live time frames in the industry.
Our pre-configured workflow navigates your lending team through the complexities of origination, processing, closing and funding.
We understand today’s lending issues and work with you on solutions to improve the borrower experience and lending efficiencies.
We focus on retail mortgage lending.
We provide a flexible and efficient system, capable of handling your mortgage requirements from application to closing and delivery.
Configurable checkpoints automatically help you avoid compliance violations through validations and notifications.
Delivering Value for You and Your Clients
- Mitigating risk: Our centralized processes and underwriting experience enable you to reduce recourse risk. Our compliance team works on your behalf to keep your documents and processes up-to-date and compliant.
- Reducing costs and margin volatility: Our proven strategies help you move from a fixed to variable cost model. We also act as your conduit to the secondary market, protecting you from the effects of interest rate swings.
- Advanced technology: Your loan officers benefit from our technology capabilities – delivered without capital investment or need to upgrade your existing systems.
- Maintaining your brand: You can customize the customer experience with your organization’s name and logo from originations, as well as control all cross-selling and retain refinance income opportunities.
- Operational Support: Reduce fixed costs and adapt quickly to increasing or decreasing volumes in workload while avoiding costly acquisition and maintenance of your own staff. We provide transparent, private-label services that allow you to scale your operations.
- Service Quality – Gain access to specific talent and processes to establish domain specialization.
- Capital Efficiency – Release capital through efficient and effective sourcing.
- Our Approach delivers high-value solutions, product knowledge and high-level support.
Why Partner with Us?
The extensive expertise of our mortgage loan processing professionals will provide you efficient processing, facilitating productivity and increasing the percentage of loan closings.
Outsourcing this duty to us can result in cost savings.
With a dedicated team and cutting edge infrastructure already in place, we save you from investing money to establish these resources.
We help facilitate in reducing loan cycle time and increase borrower satisfaction.
We provide marketing expertise, support and deliverables to help you achieve your goals and make your mortgage lending program a success. Even if you want to use your own marketing department, you can take advantage of our knowledge and experience.
We have over 30 years of experience working with financial institutions in the forward mortgage lending marketplace and over 12 years of experience in the HECM (Reverse Mortgage) market. We have direct endorsement authority from HUD to originate process, underwrite and close mortgages.