I Always Say Knowledge Is Power

*I Always Say Knowledge Is Power*
**By Tony Garritano**

***As we talk about things like the new CFPB disclosures, we all need to be educated about what to do to comply. But we should just look to be educated about new rules, we should look to also get more educated about just how to improve our overall lending process. For example, LendingQB will be holding two educational webinars that address how lenders should develop an analytical approach to identify hidden problems in their lending processes and technology weaknesses, helping them make informed decisions on which technologies will have the biggest impact on profitability.

****The webinars largely focus on how to perform an analysis of a lender’s operations, workflows and existing technologies to arrive at a strategy that will reduce cost per loan, maximize employee productivity, remove manual touch points, eliminate unnecessary applications, increase profitability and optimize enterprise-wide performance.

****LendingQB will introduce its Enterprise Process Assessment (EPA), which is a complementary holistic, in-depth review and discovery process of a lender’s specific lending workflow. The EPA dissects every step of the loan life cycle from the moment an originator engages with a borrower to when the loan is sold on the secondary market. A comprehensive report is then provided to lenders on how to achieve their technology goals.

****“We constantly see lenders challenged to make intelligent, strategic technology decisions that are business-critical to both their short and long-term growth and profitability,” said Binh Dang, president of LendingQB. “The webinars we put together are all about helping lenders fully understand the real impact of how technology can positively or negatively impact their bottom line using established metrics. Attendees have a solid starting point to initiate this type of evaluation process.”

****Topics include:

****>> An overview of the mortgage technology challenges lenders face in today’s market;

****>> Using metrics to achieve a high ROI;

****>> The importance of a seamless workflow;

****>> How to reduce cost per loan and increase profitability;

****>> Identifying vaporware and avoiding feature-based buying traps;

****>> Technology buying pitfalls to look out for.

****Two sessions will be offered on Wednesday, September 12th, 2012. Session 1 starts at 1:30 p.m. EDT and Session 2 starts at 4:30 p.m. EDT. For additional information contact LendingQB at 888-285-3912, info@lendingqb.com, or by visiting www.lendingqb.com.

Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.