Loan Vision has announced that Mortgage Investors Group (MIG) has been able to complete month-end closing processes in 20 percent less time due to the Loan Vision’s ability to automate many of their previously-manual processes. MIG has been able to utilize that time for the creation and deeper analysis of their financial data and metrics.
“MIG was spending a lot of time exporting, manipulating and re-importing data that the system should have been processing for years,” said Martin Kerr, president of Loan Vision. “They needed a solution that not only had the right data where they needed it to be, but also that would give them back the time that was needed to properly review that data. With Loan Vision, they have been able to do that and can now present reports to executives faster and a with deeper level of insight.”
After two financial year-end closes and an audit, the MIG accounting department is comfortable with the solution and feeling the fruits of their labors.
“Now, the statements are finalized earlier, and we have the time to really dig in and provide in-depth, analytical, decision-making information to the executives,” said Eric Nielsen, accounting and finance director at MIG. “The executives have seen the improvement, timeliness, and quality of work that the accounting department now provides. Loan Vision has really allowed us to take that next step. We have been very delighted with our decision.”
Echoing those sentiments is Debbie Grant, long-time controller at MIG: “As a company, we're all trying to figure out where we're spending money the most and being able to truly evaluate that level of detail, to see trends in spending, it's wonderful. I mean it's a huge change.”
Carl Wooloff, director of sales and marketing at Loan Vision, said: “When the conversation with MIG began, they had exhausted all of their efforts trying to make their legacy solution work for them. They knew it was time to make a change. Eric and his team are now able to not only get their processes and more efficiently, they are also able to look towards and make decisions for their future.”