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ADA, Mich.-A true Software as a Service mortgage platform has enabled one CUSO here to more than triple its lending volume while keeping staffing costs minimum.
With the help of the XetusOne Loan Origination platform, Member Advantage Mortgage, a $4-million CUSO, boosted its mortgage loans from 60 per month to more than 200 per month, all with just three loan officers on staff.
The CUSO said the key to its newfound efficiency is XetusOne's supreme flexibility, which allows officers to do credit checks, collect and upload documents, underwrite and close loans from any computer in the world. All they need is Internet access and a browser.
"We could have people out in the...