Greensburg, PA – May 29, 2020 — Leading independent lender FBC Mortgage, LLC (“FBC”) now has an unprecedented look into their financials following their move to the Loan Vision mortgage accounting solution. The Top 20 National Mortgage lender with retail and wholesale/correspondent channels has utilized the system to automate a large number of their accounting processes, giving the executives at the Orlando-based lender access to real-time data from any branch across 48 states whenever they need it.
“Our executives always want to know where we are at this very minute, and with Loan Vision we’re able to make that happen,” expressed Dyron Watford, CFO at FBC. Watford continued, “in today’s market especially, analyzing data at a speed where you can make an appropriate decision is a must. I have the confidence in this system that when I provide that data, it’s real-time and it’s correct.”
Loan Vision’s accounting solution allows for the automation of loan imports from a lender’s loan origination system which all but eliminates the need for manual processes. Watford noted, “we typically have 95-97% of our imports going in correctly the first time without us having to look at it. It’s been a huge time saver for the group. When we come in, we’re able to put yesterday to rest and concentrate on how we can benefit the company for the rest of the day.”
By removing the hours of time spent manipulating data, Watford and his team at FBC are able to analyze and present timely reports to their executives.
“With the current status of the industry, having the ability to analyze and report on real-time data is imperative,” said Martin Kerr, president at Loan Vision. “The finance department at FBC is now able to have the transparency into their bottom line at the speed needed to make the hard-hitting decisions everyone is currently facing.”
To learn more about FBC Mortgage’s successes with Loan Vision, read the case study here.
About Bestborn Business Solutions, Inc.:
Founded in 2006, Greensburg, PA-based Bestborn Business Solutions are the creators of Loan Vision, a mortgage industry specific financial management and accounting software. Combining the functionality of Microsoft Dynamics and Bestborn’s industry toolset and expertise, Loan Vision has quickly established itself as a platform trusted by some of the largest as well as the fastest growing mortgage lenders in the country. Their ever-growing list of functionality includes the ability to interface with any Loan Origination Software, loan-level accounting, commission calculations, a branch reporting portal, as well as lease accounting management. For more information about Loan Vision, visit www.loan-vision.com.
About FBC Mortgage, LLC.:
FBC Mortgage, LLC (“FBC”) is a Top 20 National Mortgage Lender headquartered in Orlando, Florida. FBC is licensed in 48 states and has over 750 team members nationwide. FBC specializes in residential mortgage lending through our retail and wholesale/correspondent channels and offers purchase, refinance, construction, and renovation loans. Our focus is on providing our customers and business partners with industry best practices and service. Many of the nation’s largest real estate firms and home builders rely on FBC for their mortgage needs, along with a large referral base of satisfied past customers. FBC has won numerous national awards for our strong company culture and outstanding service, such as the Top 100 Mortgage Company, Best in Loan Delivery, Top Company for Working Families, and is consistently ranked as a Best Place to Work.