Banker Will Use Cloud-Based Application To Forecast The Future

Union Home Mortgage Corp. (UHM) has selected the Alight Mortgage Lending platform to streamline branch reporting and acquisition analysis, help meet growth objectives and more accurately project cash flow. Here’s why:

Alight Mortgage Lending lets mortgage banks forecast the future by immediately seeing the financial impact of every decision, before it’s made. A cloud-based solution for real-time multiple scenario analysis and enterprise forecasting, Alight Mortgage Lending connects to the general ledger and to loan origination systems and capital markets providers to feed past and real-time data directly into firm financials. Management can run limitless numbers of scenarios and see them ripple through the entire value chain to P&L, balance sheet and cash flow to help make informed, forwarding-looking decisions.

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“One of our goals is to grow enterprise value by facilitating more insightful, multi-channel planning,” said Bill Cosgrove, CEO and Owner of Union Home Mortgage. “To that end, we are regularly evaluating branch acquisitions and servicing options. Alight will help us refine branch reporting, better analyze branch acquisitions and more accurately project cash flow to help us meet the needs of our rapidly growing national origination and servicing business.”

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With Alight Mortgage Lending, teams can easily change financial and operational inputs, see those changes flow through the enterprise to the P&L, balance sheet, cash flow statements and other pro forma financials, and then create and evaluate scenarios – base case to best and worst cases – to choose the appropriate path forward.

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“For mortgage banks contemplating operational changes or substantive growth, visibility into cash flow and liquidity has always been front and center, but pending industry requirements will make it absolutely critical moving forward,” said Jared Huff, Group Head of Alight Financial Services. “We are thrilled that Alight will be partnering with Union Home Mortgage. We stand ready to help their team meet growth and expansion goals by providing better insight into cash flow, more efficient branch reporting and benchmarking, and clarity in decision-making for the road ahead.”

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