Guardian Mortgage Company announced it will be using Alight Mortgage Lending real-time event and scenario analysis application. And, they aren't the only lender to adopt the platform.
“In today’s economic environment, a mortgage lending company must be able to run their businesses efficiently, keep focused on growing the top line and react to changes in the marketplace decisively but quickly,” said Jared Huff, managing director of Alight Mortgage Solutions.
Alight’s solution enables lenders to manager critical credit line compliance, delivery to warehouse lenders monthly reporting on the balance sheet, income statement and future cash flow projections based on loan volume assumptions.
Guardian Mortgage CFO Paul Walker said: “Alight Mortgage Lending will provide us with real-time data and analysis of our financials and better insight into warehousing covenants to help us grow our business moving forward.”
In addition, Connecticut-based Village Mortgage also chose to use Alight’s services.
“We are delighted to welcome Village Mortgage to the growing list of firms that are leveraging the power of Alight Mortgage Lending’s real-time scenario analysis,” Huff said. “Our mortgage lending application is unique in that it helps lenders painlessly assess operations, evaluate productivity and facilitate real-time ‘what if’ analysis to help them manage the future, today.”
Village Mortgage anticipates success as they plan their next steps with Alight Mortgage Lending.
Village Mortgage CEO Laurel Caliendo said: “We will be able to test margin and rate scenarios that will help inform our future strategies to achieve our goals.”