Are your operations the "best" they can be? The best at:
- Recruiting and retaining star talent?
- Generating profits?
- Negotiating prices with investors?
- Maintaining warehouse lines?
- Staying compliant?
- Getting loans from A-to-Z quickly and error free?
Answering "NO" to any of those questions means that you have areas for improvement in your business.
Following lending best practices means that you are using well defined procedures that are known to produce near-optimum results.
The Solution
DMD's systems support and enforce best practice lending.
This means that your business will be highly efficient, productive, and accurate throughout the lending process.
Being Paperless
Enjoy greater efficiencies by automating your workflow and eliminating bulky and cumbersome paper files.
- Multiple people accessing a loan file simultaneously (no more hurry-up and wait)
- Electronic delivery of loan files to investors (no more lost files)
- Reduce unnecessary costs of off-site storage (no more waiting on files)
- Files immediately available for any type of audit or review (no more searching for files)
- Share portions of the file with your originators over the web (no more faxing paper around)
Business Rules & Security
Best practices really come down to ensuring that people are following a documented workflow – combining consistency and efficiency.
With the business rules and user security included in the DMD Suite, you'll have confidence that:
- Loans don't advance through your workflow until they are ready to advance
- Only people with the rights to make a change to a file can
- The further along the process the more restricted the access to edit
The removal of mistakes in your system will put you ahead of your competition.
Pipeline Reporting
A key aspect of best practice lending is to actually understand how your business is operating – eliminate bottlenecks and reward successes. With the reporting capabilities of the DMD Suite you will be exposed to:
- Pipeline updates by fulfillment stage (underwriting, closing, funding, shipping, etc.)
- Current task durations versus expected norms
- Pull-thru and fall-out statistics by originator
With this information in hand, you will be able to manage and maintain lending best practices.
The Details
If following lending best practices is important to you, be sure to ask about it specifically while participating in a demonstration of our solution.