Case Study
The Money Source adapts technology that’s ‘right on the money ’
The Money Source adapts technology that ’s ‘right on the money ’ The mantra of The Money Source is “Grow Happiness.” However, the correspondent mortgage lender knew it needed better tools to capitalize on business growth. Expansion meant more loans to review and process, which required greater speed in the accounting department. The Money Source recognized an opportunity to invest in targeted technology that would help support the growth of its business and gain an edge over the competition. CFO Mike McGowan and Eric Schirmer, the company’s senior accountant, pursued a loan-level financial system overhaul with tremendous success. In a little under two years, the Melville, New York-based company has grown from 200 loans funded per month to over 2,500. Auto