True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Don’t sleep on non-QM products

Now is the perfect time for originators to consider expanding to non-QM products – to grow business, diversify their offerings and to ensure an opportunity to better serve their customers.

Awards

2020 HW Tech100 Mortgage winner: Teraverde

Increases lender profits and efficiency with data-driven intelligence

Teraverde’s Coheus Profit Intelligence increases lender profits and efficiency with data-driven intelligence that unwraps the secrets to increase profitability hidden within the lender’s LOS, accounting, and servicing data. Coheus provides actionable intelligence that guides executives to actions that increase profit and efficiency, providing immediate ROI using its proprietary data-driven intelligence. Teraverde’s innovative, data-driven associative engine and mortgage lending, financial and servicing domain knowledge uncovers hidden profit improvement intelligence with the troves of data in a lenders LOS, general ledger and servicing systems, providing fast return on investment and quick deployment.

  • A lender identified process inefficiency and took action to reduce exceptions by 55%
  • One CEO used Coheus to evaluate loan officer performance and took action to reduce underperforming loan officer headcount by 20% while increasing profit per loan by 30%
  • A user corrected process issues that sped up approvals by 12 days for the most creditworthy borrowers while increasing the productivity of staff by about 15%

https://www.teraverde.com/

Most Popular Articles

Volume-hungry mortgage lenders loosen credit standards

Mortgage credit availability loosened up in April by 2.2%, per the MBA. The drivers were in conventional mortgages and GSE programs for ARMs and high-balance loans.

May 11, 2021 By

Latest Articles

How does the FHFA 7% loan cap on GSEs affect originators?

The FHFA has limited GSEs to a 7% cap on loan purchases for second home and investment properties. Here’s how this impacts originators:

May 13, 2021 By
3d rendering of a row of luxury townhouses along a street

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