MCM Launches Secondary Marketing Efficiency Tool in Data, Government, Origination, Secondary Market, Servicing, Technology April 18, 2013 461 Views Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2013-04-18 Tory Barringer Share In San Diego, “”Mortgage Capital Management””:http://www.mortcap.com/index.html (MCM) announced it is now offering an automated report system designed to track and report loan processing times to help banks identify their highest performing entities.[IMAGE]According to a company release, reports can be produced for specific time periods to break down processing time by source, branch, and loan officer, allowing companies to see [COLUMN_BREAK]their highest-performing branches and loan officers as well as identify areas needing to improve efficiency and performance.MCM’s timeline analysis effectively analyzes the loan process to identify the number of days loans take to move from one processing stage to the next. The report breaks down the data by product type and provides analysis information including number of extensions, extension period, and percentage of fallout experienced over the timeframe. It also calculates the average final lock period versus the original lock period.””Useful information about the processing time can be gleaned from these reports,”” said Dean Brown, CEO of MCM. “”Time is money and extended processing time affects the company’s bottom line. With these reports our clients can see where improvements need to be made before significant damage is done to the company’s profits.””The timeline analysis is part of the MCM Risk Management System, a Web-based program that accurately defines and measures risk on a loan level and trade level basis as well as by loan status and many other factors.
Go back to the enewsletterLuxperience has announced a Diamond Partnership with Tourism Australia at this year’s event taking place at the International Convention Centre, Sydney from 16 to 19 September 2018.With its strong commitment to the premium sector, Tourism Australia views Luxperience as an ideal opportunity to showcase Australia’s unique premium offerings to the world’s leading luxury and experiential travel advisors. Tourism Australia will command a significant presence at the exhibition as host of the popular Buyer and Media Lounge.Tourism Australia is also hosting a selection of familiarisation tours around Australia in conjunction with the State Tourism offices. They will be working closely with elite suppliers to provide a program that will have the luxury global buyers attending Luxperience actively immersed and engaged with Australian premium products and experiences.“Australia has some incredible luxury experiences that are accentuated by our world-class natural environment, exceptional food and wine, and warm welcoming people,” said Tourism Australia Managing Director John O’Sullivan.“Through our involvement in Luxperience, we aim to give specialist buyers from around the world greater insight and first-hand experience of the diversity of Australia’s luxury and premium tourism offering.”Diversified Communications Event Director, Michelle Papas, said, “We are excited to be working with Tourism Australia and welcome their enhanced involvement and support this year.”“Luxperience continues to lead the way in securing the right platform for senior decision-makers from around the world to not only meet and build useful business relationships at the exhibition but personally experience some of Australia’s best travel products.”Go back to the enewsletter