Mortgage Fulfillment – Why a Variable-Cost Model Makes Sense When it comes to the mortgage business, controlling costs is critical. Outsourcing services often operate on a fixed-cost basis—paying per loan or transaction regardless of market conditions. However, lenders are increasingly shifting to a variable-cost model to reduce costs, eliminate errors, minimize risk, and streamline operations. […]
Sometimes, it pays to focus on what you do best while leaving specialized tasks to experts. That’s where Business Process Services (BPS) comes in. It’s about outsourcing specific functions—like customer service, accounting, IT support, and even mortgage fulfillment—to third-party specialists who can handle them more efficiently and at a lower cost. Why Outsourcing Makes Sense […]
– Check out the self-assessment at the end of this blog! – The novel coronavirus is creating a shift in mortgage industry operations and prompting many mortgage businesses to shuffle talent or add new talent to address operational challenges, meet productivity and innovation needs, and navigate through the changing dynamics. In fact, Consolidated Analytics’ Consulting […]
Project management in the mortgage industry is often highly complex and requires that teams, processes, compliance experts, and technology work together effectively for execution excellence. A project’s success can be attributed to a range of factors from exceptional and organized project leadership and detailed planning through project methodology and cross-team collaboration. Since the COVID-19 virus […]
The Consultant’s Corner is a blog series written by Consultants for Consultants. The blog articles provide personal opinions and experiences of individual consultants and do not necessarily reflect the views of the company. We hope this blog series provides a range of perspectives across the industry. If you have a different experience that you would […]
According to the Mortgage Bankers Association, the average net cost to originate a mortgage (all loan types) in the fourth quarter 2018 was $8,611. Imagine, only six years earlier in 2013, the cost to originate a loan was closer to $5,000. There is no single reason for this astronomical increase, but industry economists cite low […]
