First Choice Loan Services Selects Alight For Continuous Reforecasting

Posted by Patrick Barnard on May 17, 2017 No Comments
Categories : Residential Mortgage

First Choice Loan Services Inc., a Berkshire Bank Company, is the latest mortgage lender to sign up for Alight Inc.‘s cloud-based applications for real-time, dynamic scenario comparison and analysis.

First Choice, a $2.6 billion mortgage lender headquartered in New Jersey and acquired by Berkshire Hills Bancorp Inc., merged with Berkshire Bank in December 2016.

“The merger with Berkshire meant we needed more transparency in reporting,” explains Ralph Picarillo, executive vice president and chief operating officer for First Choice, in a release. “Management expects us to have answers to what-if questions to better navigate changing market conditions and manage risk. Alight’s scenario analysis, flow-through to financials and reporting capabilities will help us do that.”

The continuous reforecasting solution, which was built from the ground up for mortgage lenders by mortgage industry veterans, allows firm owners and their teams the ability to see the financial impact of decisions before they’re made.

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