Teraverde’s Coheus platform uses a lender’s LOS and other data to help the lender operate profitably even in difficult market conditions. Coheus identifies revenue leakage, lost loan opportunities, employee productivity improvements, cost reduction opportunities and sales employee effectiveness opportunities. Collectively, these predictive and prescriptive insights enable lenders to achieve sustainable levels of profitability regardless of market conditions.
The mortgage industry has six consecutive unprofitable quarters, according to the Mortgage Bankers Association. Coheus analysis shows that the top-tier employees generate virtually all the profitability in a lender. The middle tier “breaks even” and the bottom tier creates losses that consume much — or all — of the profitability earned by the top tier. Coheus classifies the three tiers of employees (as well as products and processes) using advanced predictive and prescriptive analytics. It uncovers the hidden answers and insights lenders are constantly searching for. Organizational inefficiencies, revenue leakage and lower production can rapidly be specifically identified and addressed.
Coheus provides the answers to how to recover revenue lost from first customer touch through sale of the loan. It identifies the lender’s most productive team members and much more. It identifies upskilling opportunities, productivity opportunities in a lender’s staffing model and revenue leakage through the lending process.
Loan Origination, Servicing and Secondary