A) BSM Financial Increases Production by 30% with DocumentTrac
The Challenge
Low ROI through its outsourced ASP imaging provider
The need to courier physical files resulted in misplaced documents and delays in workflow between branch locations
Needed an imaging solution that supported the entire lending process
Benefits/ROI
DocumentTrac™ provided cost savings of $16 per funded loan and $7 per non-funded loan with approximate monthly savings of $20,000 based on current volume of 1,000 loans per month
Efficiency increase of 30%—from 14 to 18 loans per full- time employee per month in its wholesale operations
Various branch locations can now access loan information electronically, eliminating the need to shuffle files between branches
B) Cal-Bay Mortgage Increases Volume by 300% with DataTrac
The Challenge
Inability to take advantage of periods of increased loan volume
Inability to leverage imaged loan files and incorporate paperless documents in their current solution
New product rollout took three-to-four months
Benefits/ROI
Loan production increased 300% with leaner overall staffing within the first year DataTrac® was implemented
Seamlessly integrated with front-end POS, Calyx, and closing document provider,
DocuTech™
Simplified ability to extract and locate data, thus yielding more customized reporting
