30-Yr. Fixed Conforming. Updated hourly during market hours.
Single family homes on the market. Updated weekly.Powered by Altos Research
Market yield on U.S. treasury securities at 10-year constant maturity. Updated daily.Data sourced from FRED
Awards

2020 HW Tech100 Mortgage winner: Teraverde

Increases lender profits and efficiency with data-driven intelligence

Teraverde’s Coheus Profit Intelligence increases lender profits and efficiency with data-driven intelligence that unwraps the secrets to increase profitability hidden within the lender’s LOS, accounting, and servicing data. Coheus provides actionable intelligence that guides executives to actions that increase profit and efficiency, providing immediate ROI using its proprietary data-driven intelligence. Teraverde’s innovative, data-driven associative engine and mortgage lending, financial and servicing domain knowledge uncovers hidden profit improvement intelligence with the troves of data in a lenders LOS, general ledger and servicing systems, providing fast return on investment and quick deployment.

  • A lender identified process inefficiency and took action to reduce exceptions by 55%
  • One CEO used Coheus to evaluate loan officer performance and took action to reduce underperforming loan officer headcount by 20% while increasing profit per loan by 30%
  • A user corrected process issues that sped up approvals by 12 days for the most creditworthy borrowers while increasing the productivity of staff by about 15%

https://www.teraverde.com/

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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]