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How to Determine Your Loan Officers' (MLOs) Contribution to Your Bottom Line

Determine how much your loan officers contribute to your bottom line by considering performance and costs that impact your mortgage business.

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Accounting For Mortgage Lenders

Mortgage lending is a complex business, and the accounting behind it must be managed carefully to stay in compliance with relevant regulations and ensure that the business is running smoothly. Accounting for mortgage lending involves more than just recording transactions; it also involves setting up and maintaining complex records and analyzing data to ensure accuracy […]

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Accounting Software for Mortgage Lenders

Mortgage lenders are always looking for ways to increase efficiency and streamline their processes. Accounting software can be an invaluable tool for mortgage lenders to help manage their finances and stay organized. Accounting software provides an easy-to-use platform to manage lending operations. It automates manual processes and provides a more accurate view of the lender’s […]

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Calculating Breakeven Point For Lenders

A key financial metric for mortgage lenders is the breakeven point. This can help them determine their profitability, understand their risk profile, and make informed decisions about their business. Knowing how to calculate a mortgage lender’s breakeven point is important for a successful lending business. The breakeven point is the point at which a mortgage […]

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Mortgage Branch P&Ls and Reporting

We provide lenders with the best mortgage branch P&L, which helps them assess the branch's profitability and ability to generate business.

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Calculating the Cost Per Loan

When it comes to the mortgage industry, understanding this metric is essential for lenders. The cost per loan (or unit) is the amount of money it costs a lender to originate and close a loan. This includes all the costs associated with the loan, such as the origination fee, application fees, appraisal fees, title insurance […]

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