White Papers

IRLC Fair Value 2021 Supplement to The Mortgage Lender’s Guide to Hedging, Fair Value, Market Value, and the IRLC

In January 2021, Loan Vision released Dr. Schell’s white paper that addressed several topics including the IRLC Fair Value.  This March 2, 2021 white paper provides a valuation update based on 12-31-20 secondary margins common among mortgage companies. As noted in the January white paper, the IRLC fair value assessment is significantly influenced by its …

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The Mortgage Lender’s Guide to Hedging, Fair Value, Market Value, and the IRLC

While interest rate lock commitment (IRLC) protects customers from market risk, it exposes the mortgage lender to that very same risk. Because of this, mortgage lenders need to have a firm understanding of how changing rates affect the IRLC and how to properly determine the fair value of the IRLC. Dr. Andy Schell, the Profit …

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Unlocking the Numbers—Leveraging Granular Financial Detail in Business Strategy

In this industry, as part of the lender due diligence process, the financials and credit history of every mortgage banking customer are combed over and scrutinized. Mortgage banks search for any and every detail to properly assess the probability of loan repayment. However, when it comes to their own financials, not all lenders give as …

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Financial Accounting Systems in the Age of Agility

In an age of skyrocketing technological capabilities and ever increasing software functionality enhancements, the mortgage banking industry is now in the age of agility, making it more vital than ever to have a financial system rooted in cutting edge technology that has been built on a solid foundation. While routine updates and improvements are crucial, …

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3 Reasons to Reduce Your Accounting Software Footprint

When it comes to the task of loan origination, the primary focus of the mortgage lending enterprise, most lenders are highly skilled at streamlining their technology platforms. They rely on the software they need to complete the mortgage origination process in the most efficient manner and keep their sales operations functioning at maximum efficiency, day …

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Part Two: 4 Clues it’s Time to Upgrade Your Mortgage Accounting Software

Clue No. 3: You’re Using Multiple Software Applications in Your Finance Department When a company finds it cannot do what it needs to do with the software it’s using, innovative executives will come up with a workaround. This will almost always involve the addition of a new piece of software or automation, which then must …

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Part One: 4 Clues it’s Time to Upgrade Your Mortgage Accounting Software

One of the problems involved in running a business that is measured by deal volume is that success is only possible if the deals never stop. It can be very difficult to make improvements to a company when the work never ceases. It’s akin to performing maintenance on an automobile without ever turning it off. …

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Using Software to Uncover Mortgage Business Insight

If you are managing a mortgage origination business, no one needs to tell you that things are getting tougher. You’re dealing with tighter margins, production volume is down while costs, driven primarily by compliance, are up. Compass Analytics recently reported that production volume for its clients was down in March by 20% from the February …

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