4 Ways for Correspondent Lenders to Reduce Costs in Pre-purchase Reviews by 45%

You can save over 45% costs in a full portfolio QC and reduce the time taken for these reviews by over 30%, while maintaining the same quality.

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Abstract:

As a correspondent, when you on-board bulk loan portfolios, you need to do a full portfolio QC to ensure that there are no bad loans in the portfolio. These pre-purchase reviews can be very time consuming and they can get pretty expensive as well.

What if you were able to save over 45% costs in a full portfolio QC and reduce the time taken for these reviews by over 30%? This will signify direct benefits in terms of margins and significant savings in time.

What steps can Correspondent lenders take to reduce the costs in pre-purchase reviews, reduce risk and complete this process much faster, almost 30% faster. We thought of 4 ideas that can provide quick ROI. Also, with no upfront investments involved, the correspondent lender virtually has no risk associated with these initiatives.

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eBook Highlights:

  • How can you speed up bulk processing and be 50% faster?
  • Using ‘Pay as you go’ to scale operations at reduced costs
  • What can you do to ensure 99.5% accuracy?
  • Using configurable QC tool to ensure ‘no bad loans’