Case Study

Finance of America Mortgage decreases loan cycle times with Income Analyzer

Finance of America Mortgage decreases loan cycle times with Income Analyzer

Profile • Finance of America Mortgage LLC • Horsham, PA • $16.6B annual loan volume (2019) Challenge Automate manual underwriter income calculations, and effectively manage volume increase without slowing the loan cycle or adding personnel. Results • Reduced application-to-close times by three days • Decreased income calculation times by 58 percent • Improved loan quality • Increased underwriter productivity • Ensured consistency The challenge Finance of America Mortgage LLC helps individuals and families achieve the dream of home ownership. This nationwide lender is dedicated to giving each borrower the best experience possible, no matter where they are or what channel they choose. That means making the loan process as efficient and streamlined as possible, so bo

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