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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HousingWire Mortgage Rankings have arrived, bringing data-driven benchmark to originator performance

HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]

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