Motivity Solutions has become a preferred vendor for the Lenders One Mortgage Cooperative, giving its members preferred access to Motivity’s business intelligence software. Lenders One is a national alliance, with more than 240 lender members comprised of independent mortgage banking firms and correspondent lenders. It also includes suppliers of mortgage products.
“Lenders One members using our Movation business intelligence software can create a productive and compliant business culture within a self-competitive environment, enabling employees to perform at their highest level," said Tyler Sherman, chief executive officer of Motivity Solutions. "Movation drills down into a lender’s data and applies analytics to forecast and monitor how employees are performing in line with corporate goals. As lenders face the possibility of lower originations in months and years ahead, they will need to run as efficiently as possible.”
The latest Mortgage Bankers Association forecast calls for mortgage originations to fall to $1.4 trillion in 2013 from an estimated $1.75 trillion in 2012. The MBA estimates overall originations to slide even further in 2014 to $1.06 trillion as mortgage rates rise. The lower numbers are a result of the estimated refinance volume, which will peak in the first half of 2013 and then drop off in the second half of the year to $818 billion overall, down from an estimated $1.25 trillion in 2012.
With Motivity Solutions as a preferred vendor in the alliance, Lenders One member companies can access Motivity’s Movation Business Intelligence Platform at a reduced rate to help them improve their business performance. The Movation software provides mortgage companies with a business intelligence system, including superior risk management tools that transform company data into actionable information and help mitigate risk, improve productivity and remain compliant.
“We are pleased that Motivity Solutions has joined the Lenders One alliance as a preferred vendor,” said Jeff McGuinnes, CEO of Lenders One. “Our members will gain invaluable insight from Motivity’s software into whether their staffs are meeting operational and compliance goals. Senior executives will benefit from the necessary information afforded by business intelligence to make strategic, tactical and operational decisions to increase productivity and profits, originate better quality loans, and mitigate compliance risks.”