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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 Doctor discusses the method of mortgage lenders issuing interest rate lock commitments (IRLC) to customers and more within this article.
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 …
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 …
Implementation Requires a Steady Hand
UPDATING ACCOUNTING TECHNOLOGY IS NOT A JOB FOR THE CFO One of the byproducts of an ever increasing competitive landscape as well as the continuing …
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 …
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 …
Improve Your Performance
IMPROVE YOUR PERFORMANCE Growth for many companies lies in keeping tabs on the performance of their branches For many mid-tier lenders, the key to growth …
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 …
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 …
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 …
