Diverse Experience to Manage Your Risk
Your mortgage pipeline is a dynamic component of your business. Each day you bring in new loans, close loans in process, or both. Some loans are withdrawn, some denied, and the terms of loans in process are always subject to change. If you factor in market volatility, uncertainty about the direction of the market, and constraints of price competition, you are faced with a daunting task.
This task becomes less daunting when you recognize the risks involved, and when you implement a risk management program. There are two risks facing you and your mortgage pipeline. Fallout risk that loans do not close or close at a different rate, price, or term than you originally locked; and price risk that your loans close at a different adjusted level than what was expected when you originally priced the loan.
At Flatirons we are experts with diverse experience giving us the unparalleled ability to manage your risk. We do so within predetermined margins, but without any determination of future mortgage market direction. We have a proven system that will help you reach your profit margins now, and as you continue to grow!
Our first step with all new clients is to get to know your company practices and patterns so that we can best serve your needs.
FCM will then tailor its customized software and services based on this knowledge so that we are performing to your standards and practices. Also, we are flexible on how we report to you. While several of our clients like to know how well they are doing with regard to what they could have achieved on a best efforts basis, others focus on a specific revenue target.
The choice is yours.
Please continue reading to learn more about what we do, and if you have any questions please give us a call at (320) 230-6500.