For lenders looking to make the most out of loan profitability, keeping profit/cost adjustments within your PPE updated is key. One of the many advantages Mortech offers our users is the ability to make in-depth profit modifications instantly, which helps provide the most accurate, best ex pricing to borrowers, while preventing you from losing any profit throughout the process. But how much money could you actually lose on a day-to-day basis if these adjustments aren’t made instantly?
We put together a calculator that helps you determine how much profit you can actually lose in one day, if your profit/cost adjustments aren’t updated instantly. By simply inputting your average loan amount and loans you process in one day, you can see how much profit you would lose if a profit modification isn’t applied until a day later. Go ahead and give it a try for yourself.
Number of loans per day
Total amount of profit lost
By updating your profit/cost adjustments instantly, you can save thousands of dollars every day when processing loans. Having control over these adjustments is just one way that Mortech helps our users capitalize on loan profitability.
Want to learn more about how you can take control of your profit/cost adjustments with Mortech? Contact us today for a free demo.