The Problem
Unless you are a bank or credit union, getting, turning, or keeping your warehouse lines is the biggest issue facing mortgage lenders today.
According to
John Courson: "Warehouse lending capacity has declined dramatically - from over $200 billion in 2007 to approximately $20-$25 billion..."
The Solution
With DMD's suite you can:
- Get a warehouse line easier
- Turn your warehouse line quicker
- Keep your warehouse line longer
Getting
Warehouse banks are looking for a lender with a rock solid business plan that will ensure profitability. They want to know that you understand your business, and that you know how to operate efficiently.
Imagine...
- Reports available at your fingertips
- Business rules that keep your staff from making mistakes
- Being paperless and unbelievably efficient
Show these tools to your warehouse source and you will be high on their list of approved lenders.
Turning
Selling closed loans quicker with fewer suspense conditions means files don't age on the warehouse line.
Imagine...
- Built in business rules that generate "zero defect" loans
- Automated loan package audits to ensure stacking order and completeness
- 1-click electronic delivery of imaged documents directly to your investor
Use these tools for investor delivery and you will leverage your warehouse line beyond your perceived limits.
Keeping
It is all about communication. The more your warehouse banks know about your business, the more confidence they will have that you are a low risk.
- Share your entire pipeline organized by loan stage
- Share your profitability for each loan you close
- Prove that you drive your business (instead of it driving you)
Reporting detailed financials about the health of your business keeps your warehouse line from having to guess about the state of your business.
The Details
If getting, tuning, or keeping your warehouse lines are important to you, be sure to ask about it specifically while participating in a demonstration of our solution.