Mortgage

The Mortgage Collaborative releases updates to its benchmarking solution

Benchmark 2.0 provides a customized monthly benchmarking report

In collaboration with its preferred partner, HW Tech100 winner LBA Ware, The Mortgage Collaborative announced Tuesday the release of its enhanced benchmarking solution, TMC Benchmark 2.0.

TMC’s lender members will now experience a new user interface, augmented reporting dashboards and peer segmentation. The group explained that the updates also allow members the option to automatically extract data from their LOS and integrate directly into the platform for a customized monthly benchmarking report.

“It’s more important than ever for mortgage lenders to have a firm handle on their critical metrics,” said Rich Swerbinsky, chief operating officer of The Mortgage Collaborative. “The type of data our members want to see has changed in this new market and real-time visibility into that information is vital. We’re thrilled to collaborate with Lori Brewer and her team at LBA Ware to deliver even greater value to our members with this enhanced version of TMC Benchmark.”

Additional updates include an easy-to-use platform for members to submit production, operational, execution and staff compensation data, along with customized visual analytics for users and peer averages from across the TMC member network, it explained. 

The tool was created as an exclusive free advantage to TMC’s lender members, initially released in October of 2017. Members of TMC also benefit from a network of preferred vendors, correspondent lenders and strategic partnerships.

“The trusting and open environment within the TMC Lender Member network provides the ideal foundation from which a successful benchmark project can thrive,” said LBA Ware CEO and Founder Lori Brewer.

“Providing visibility into data is at the core of LBA Ware’s mission, and we’re eager to help TMC fulfill a similar vision through the re-design of TMC Benchmark. TMC Lender Members will not only get a better handle on their own data, but also see how their metrics stack up against their peers so that they can have honest and open dialogue on how to remain competitive in their markets.”

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