Are you winning as many mortgage or commercial loan deals as you think you should?
Are you losing deals due to slow processes or ineffective lenders?
Would a streamlined loan application and approval process help you book more loans?
Would you like to be able to coach your loan officers according to best practice performance standards?
Performance Insights is the software application every lending area needs to build a more effective and efficient loan process. Mortgage and Commercial Loan Area Managers are able to analyze and understand the strengths and weaknesses of each part of their operation, including origination, processing, underwriting, and closing…and determine where performance standards need to be raised.
In addition to the big picture, Performance Insights helps loan officers visualize their entire portfolio, see how they are performing against their peers, and find ways to strengthen their performance and earnings.
Here are just a few ways Performance Insights helps teams like mortgage and commercial lending units:
- Identify strengths and weaknesses in your loan pull through rates, such as applicants who are approved and pre-approved but are choosing other providers for their loans.
- Analyze your lending process from application to loan funding to find areas where the process can be faster and the customer experience better.
- Coach loan officers, processors, and underwriters who are slower than average or underperforming in other ways.
- Utilize visual scorecards to benchmark and improve loan officer performance.
- Understand where exceptions and errors are occurring and make process improvements.
- Understand where loan applications are coming from in your marketplace and find ways to accelerate that trend.
- Know the loan values of your applications and closings, and the deal sizes where each of your lenders are spending most of their time.
Like all Profit FI applications, Performance Insights is designed by experienced bank business intelligence experts with bankers in mind. More than a software solution, Performance Insights brings leading edge consulting and a strong strategic partnership to give your lending teams insights and strategies that will generate more applications and close more deals.
Contact Scott at 479.263.0774, [email protected], linkedin.com/in/scottmcclymonds, @ScottMcClymonds for a complementary one hour conversation structured to your particular situation.