Velocify® and Coheus® Helps You Close More Direct to Consumer Loans, Faster
When buyers show interest, quick response and an appropriate level of persistence are essential to make lead conversion and closed loan pull through produce profits and speed to Return on Investment.
Coheus provides actionable data from both Velocify and Encompass to manage lead sources, agents, lead distribution, lead conversion by product, loan purpose and geography.
- Get an instant lift from Coheus to measure and manage your loan agents’ speed to response, persistence, lead conversion and closed loan success metrics.
- You can follow leads by agent and lead source in Velocify from the top of the funnel all the way to final loan disposition in Encompass. You have visibility into both systems!
- Coheus provides credit metrics, speed to closing, gauge he productivity and efficiency of loan agent through funnel, and through final disposition of the loan. Identify which agent excels at specific types of loans and credit profiles.
Improving data driven decision making– all while instantly gaining insight of your mortgage banking operation.
Coheus® Helps Maximize Lead Assignment and Loan Agent Effectiveness
Coheus is a Data Informed that can dig deeply into Velocify and Encompass data to identify actionable insights. It helps you make critical ‘data informed’ decisions quickly. Coheus also integrates with SpeedPath for Encompass.
Here’s How it Works
Coheus uses API data from Velocify and Encompass. Coheus helps you make data informed decisions quickly use mortgage domain knowledge coupled with a technical solution. Coheus was designed by lenders, for lenders.
Challenge:
Lead speed to lead contact and conversion rates vary widely by loan agent, by lead source, by loan type and purpose. Which agents need coaching on speed to contact? Which agents are best with a specific type of lead, loan, loan purpose, etc.?
Solution:
Quickly and Correctly the most efficient and effective loan agents and leads:
- Which agents excel at refinance cash or no cash out?
- Does lead source impact conversion by each particular loan agent?
- How does each loan agent rank by a variety of metrics using live data?
Coheus provides visibility to critical information that enables lenders to make informed decisions in order to take immediate action.
Challenge:
Okay, the lead results in an application. How well does the loan agent convert to closed loans?
Solution:
Manage the leads that resulting in applications and identify credit metrics of each loan agent’s closed loans versus the metrics near the top of the funnel.
- What are applications to closed loans by loan purpose, type, credit metrics?
- What are applications to closed loans by loan purpose, type, credit metrics, by lead source?
- What is each loan agent’s ‘sweet spot(s)’ of high lead conversion and high closed loan Pullthrough?
Coheus helps evaluate and explore channel, product, funding, process and performance indicators to improve service levels and manage workload. It provides profit intelligence that can be used for constant improvement of process and profitability.
Integrated and ready to go in your Encompass system in minutes!
James Deitch and Scott Payne discuss Direct to Consumer solutions, tips and tricks.
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Teraverde is your trusted strategic partner, we will assist you in reducing costs, enhancing performance, and leveraging your mortgage technology with best practices in a cost effective and timely manner to drive profitability.
