“Mortgage lending has always been a volume game. Traditionally, narrow profit margins have made it necessary for lenders to originate as much as they can at the lowest cost in order to stay profitable — a task that is aided …
Brian Lynch of Advantage Systems: The Mortgage Industry Has a Talent Problem That Demands Operational Change To Overcome
“Prior to 2020, the mortgage industry was facing a serious staffing problem. The pandemic in 2020 continued this problem as both young and experienced mortgage professionals rapidly left the industry. The efforts of the pandemic changed employees’ expected environment and …
Brian Lynch of Advantage Systems: How the Cloud is Giving Lenders Greater Control
Google Cloud has even gone so far as to release a dedicated service for the mortgage industry, dubbed Lending DocAI. The cloud allows far greater levels of capability, reliability, flexibility and security to lenders because these established technology companies have …
Brian Lynch of Advantage Systems: A Deeper Dive Into Mortgage Accounting: Financial Reporting Is More Important Than Ever Before
Financial reporting should go beyond just the accounting department. Loan officers, branch managers, c-level executives and more are all in need of greater access to granular financial data and in-depth accounting tools. The pandemic rapidly spurred the adoption of tech …
Non-QM lender Diamond Residential Mortgage tops $1 billion in loan originations
Diamond Residential Mortgage Corporation (DRMC), a client of Advantage Systems, has announced that it produced over $1 billion in loan volume for the second year in a row. Non-QM lender Diamond Residential Mortgage tops $1 billion in loan originations …
Joe Ludlow of Advantage Systems: Mortgage Lenders Have Witnessed Major Operational Advancements During the Pandemic
With mandates and restrictions in place, mortgage lenders have been tasked with finding ways to continue operating profitably with a newly distributed workforce. And while much attention has been given to the innovative ways that lenders have enhanced the borrower-facing …
Joe Ludlow: Lenders Need Knowledge and Expertise to Capitalize on the Purchase Market
Joe Ludlow: Lenders Need Knowledge and Expertise to Capitalize on the Purchase Market MortgageOrb July 14, 2021 Read more on MortgageOrb.
Be Nimble: Compensation software must handle the complexities of a competitive mortgage world
Be Nimble: Compensation software must handle the complexities of a competitive mortgage world By Joe Ludlow, Vice President of Advantage Systems Scotsman Guide Read more in the PDF of this month’s edition of Scotsman Guide.
Selling Mortgages Can Be the Golden Ticket to Your Financial Institution’s Profitability This Year
Selling Mortgages Can Be the Golden Ticket to Your Financial Institution’s Profitability This Year: Learn How to Really Measure Your (Branch Managers’ and Loan Officers’) Success Credit Union Business News Bank Business News Branch Business News Read more on Credit …
Louise Bright of Advantage Systems Named as MortgageOrb’s Person of the Week
Louise Bright: The Importance of Having Different LO Compensation Models MortgageOrb May 10, 2021 Read more on MortgageOrb.