When interest rates recently fell, a surge of new originations overwhelmed the operations of many companies and challenged service level agreements (SLA's), specifically underwriting turn times. Managing the ebbs and flows of mortgage operations has always has been and always will be a challenge for business owners & executives. Some solve SLA issues by staffing for peak periods but that comes at a cost. Others are turning to MI companies and other vendors who provide contract underwriting as a service. The later helps create a variable cost structure that helps companies more effectively manage the ebbs and flows and their costs.
On today's broadcast, we will be discussing best practices involved with CONTRACT UNDERWRITING with a leading CONTRACT UNDERWRITING VENDOR that just happens to be a company with whom many MI companies contract when their customers want them to do contract underwriting.
Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINES update, Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT and Tony Garritano providing a TECHNOLOGY UPDATE. This is followed by the HOT TOPIC segment, which is an in depth discussion about one of the hottest topics related to the mortgage industry.
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