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Secondary Desk Tools With Mortech

Posted by Brian Hall on Sep 1, 2015 12:26:00 PM

 

 

Here at Mortech, we’re committed to bringing you the best possible service from the highest quality software available. But we understand that in the mortgage business, you need more than just a machine that can pump out rates. You need something that will go above and beyond to make your day-to-day operations as efficient as possible, and allow you to maximize your focus on your borrowers. That’s why our Product and Pricing Engine comes fully loaded with secondary marketing services designed to automate and streamline your secondary desk, as well as expedite your internal communication.

 

You can implement our Historical Pricing functionality, which allows you to compare multiple loan scenarios during the history of a locked loan, as well as save time and resources on loan re-evaluation. According to statistics compiled internally from within Marksman, the average mortgage institution has to re-price 540 loan files a year. If you were re-pricing each file at an average rate of 20 minutes per file, which is a best-case scenario for manual re-pricing, it would still take you nearly 200 hours every year. However, by integrating Marksman into your re-pricing strategy, you can re-price each loan in less than one minute, meaning that instead of spending 200 hours a year, you’re spending less than 9. Now that’s some serious time saving.

 

You can also implement Mortgage Hedging, which allows you to seamlessly transfer pending and locked loan scenario data directly from our pricing engine to third-party hedging partners. In addition, you can apply our LOS Integrations, which eliminates double entries, and streamlines your workflow by passing essential loan information automatically to your LOS.

 

Through Marksman, you can manage your lock pipeline, which improves visibility and management reporting efforts. We also provide you with custom reporting, which presents vital business metrics by creating custom reports based on criteria chosen completely by you. All of this is provided with internal communication tools that allow you to unify your secondary desk and loan officers, making sure that both teams are aware of any updates to a borrower’s lock status.

 

So call or email us today and find out how Marksman can not only provide you the best Product and Pricing Engine available for your business, but also give you all the tools you need to maximize your time and resources.

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