Bestborn Business Solutions, a provider of accounting and financial management solutions for the mortgage industry, has equipped Troy, Mich.-based wholesale lender United Wholesale Mortgage (UWM) with its mortgage-focused enterprise accounting software called Loan Vision.
UWM says that by using Loan Vision, the company was able to eliminate manual workloads and reduce its reliance on multiple software platforms, providing a completely paperless system and faster business insights.
‘[The] Loan Vision product has helped us identify and improve areas in the channel where costs were substantially higher, as well as target and pursue business that's most profitable for us,’ says Paul Orlando, UWM's chief information officer.
Bestborn says that Loan Vision brings enterprise-level accounting and business management functionality to the lender by interfacing with key systems such as a loan origination system or data warehouse.
Built on Microsoft Dynamics NAV, the platform contains a branch portal and modules for interim servicing and loan officer commission.
‘The operational improvements Loan Vision provided UWM are just an example of the huge financial benefits lenders can achieve with the right financial software,’ says Martin Kerr, president of Bestborn. ‘Driving down operational costs should be the focus of every mortgage lender. Leveraging the right technology to reduce manual workloads for all departments and increase productivity will make all the difference.’