EQUITY NOW
Background
Founded in 1984, Equity Now is a mid-sized direct mortgage lender that has approximately $350 million in loan origination annually. Equity Now evaluates applications, reviews appraisals, underwrites loans and sells them to investors, all within a centrally-located operation. The company is headquartered in New York City and currently has retail branches in New York and Pennsylvania.
The Situation
- Locating specific files had become a time-consuming activity.
- Paper-based processes were slowing the growth of the company.
- Overnight express and copying costs were high and escalating.
Find out how they did it, click here to request the full case study.
GEM MORTGAGE
Background
Founded in 1986, GEM Mortgage is a mortgage banker that has grown to approximately 40 retail branches in California, Washington, Arizona, and Nevada. GEM Mortgage supplies loans for single-family residence and one- to four-unit multi-family properties. They are approximately 90 percent retail with one wholesale branch in Northern California. GEM Mortgage works with about 22 investors and currently originates in excess of $140 million in loans a month.
The Situation
- Internal document storage was rapidly shrinking.
- Company wanted to operate business more efficiently and cost-effectively.
Find out how they did it, click here to request the full case study.
RADIUS FINANCIAL GROUP INC.
Background
radius financial group inc. is a privately-owned, full-service mortgage banker that specializes in residential and commercial financing. The mortgage bank now has multiple branches and has been on Inc. Magazine’s Top 500/5000 fast growing companies lists for three consecutive years, recently ranking as the 554th fastest growing company in the United States.
The Situation
- Move from best effort to mandatory sales model led to burdensome investor delivery
- Business and employee growth called for remote, anytime access to loan folders
- Specific business and technology requirements necessitated customizable solution
Find out how they did it, click here to request the full case study.
SHORE MORTGAGE
Background
Shore Mortgage is a full-service national mortgage lender that offers new mortgages, as well as refinancing services. Under its wholesale division, United Wholesale Mortgage,
Shore also purchases mortgages from brokers. Headquartered in Michigan, Shore has been one of the foremost FHA lenders in the country for more than 20 years and has been number one in Michigan for the last three years.
The Situation
- LOS and imaging system lacked collaboration, document typing and paperless processing capabilities
- Disparate systems lacked fluid document integration
Find out how they did it, click here to request the full case study.
THE TRIDENT GROUP
Background
The Trident Group is an affiliate of Prudential Fox & Roach Realtors, the sixth largest residential real estate company in the United States with 60 offices and 3,700 real estate agents throughout Pennsylvania, New Jersey and Delaware. The Trident Group is a one-stop shop that offers mortgage financing, title insurance, and property and casualty insurance.
The Situation
- Excessive printing, copying, handling, and shipping expenses were adding up.
- Annual off-site storage and retrieval costs were ever-increasing.
- Time was being lost and files misplaced due to sequential document movement.
Find out how they did it, click here to request the full case study.
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