Starting in February the Lenders One national alliance of 240 independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services will have a preferred vendor to Motivity Solutions technology.
As a preferred vendor in the alliance, Lenders One member companies can access Motivity’s Movation Business Intelligence Platform at a reduced rate.
Lenders One made the announcement at the MBA servicing conference in Dallas.
Members can use the Motivity software options to monitor their staff and inquire whether they are meeting operational and compliance goals, said CEO of Lenders One, Jeff McGuinnes.
Motivity’s business intelligence software enables mortgage bankers to access risk management, business performance and regulatory compliance information.
The partnership enables users “to drill down into a lender’s data and apply analytics to forecast and monitor how employees are performing in line with corporate goals,” says chief executive officer of Motivity Solutions, Tyler Sherman.
The latest Mortgage Bankers Association forecast indicates mortgage originations may fall to $1.4 trillion in 2013 from an estimated $1.75 trillion in 2012 and could slide even further in 2014 to $1.06 trillion, he adds, so it makes sense for lenders to focus on improving their overall mortgage operation efficiencies.