Improve Efficiency

Operational efficiency improves when Dexma helps you:

❐ Lower the cost of loan origination

Origination costs of Dexma customers range between $600 and $900 per loan and are as low as $350 – well below the retail mortgage channel average of $2,743 (according to Fannie Mae Mortgage Focus™ 2006).

A Web transaction costs lenders an average of 25 cents, while Gartner Group estimates a phone call costs lenders $5 to $10.

Source: Fannie Mae Mortgage Focus™ 2005

❐ Reduce IT costs and stay current with the latest technology

We host your site, upgrade the product four times each year and provide 24/7 support.

Source: Key Findings from ACB 2006 Real Estate Lending Survey

❐ Handle multiple channels on one platform

Dexma’s platform can originate loans in retail, consumer direct, wholesale and correspondent channels. One of our customers, with five different platforms, moved to the single Dexma platform.

Source: Fannie Mae Mortgage Focus™ 2006

❐ Use one platform for both origination and processing

A single Web-based platform for both origination and processing supports data integrity and eliminates integration issues. Many of our customers average 3 to 5 handoffs per loan, while the typical mortgage file passes through 8 to 10 hands.

Source: Key Findings from ACB 2006 Real Estate Lending Survey

❐ Reduce paper

Dexma’s platform incorporates an electronic data management system (an add-on with other processing systems) that enables lenders to “go green” and reduce paper.

❐ Streamline loan fulfillment

The Loan Fulfillment Center supports “just right” processing (no more and no less than what’s needed) by building a roadmap based on the loan’s underwriting requirements.

❐ Increase staff productivity

Many of Dexma’s customers close nearly 18 loans per month per FTE, while the industry average is under 6.

Source: Fannie Mae Mortgage Focus™ 2005

❐ Accommodate volume increases and reduce hiring/firing waves

Dexma’s platform is so easy to use, many of our customers have cross-trained staff from other areas to handle origination peaks.

❐ Simplify pricing on third party services

Dexma has created relationships and built favorable agreements with many service providers, while integrating their services into our platform. Normally, it’s up to the lender to create these agreements and determine how they fit into the loan workflow.

❐ Manage risks and ensure compliance

Dexma integrated fraud detection and borrower authentication through Lexis/Nexis solutions, as well as quality assurance and compliance tools through TenA Companies.

Source: Fannie Mae Mortgage Focus™ 2005