Teraverde Current Commentary

2020 has, without question, unveiled unprecedented challenges for businesses as well as untapped opportunities for technology. With the rate of change the mortgage industry is facing, having a digital system that tracks activity and a digital platform that processes...

This crisis is following a similar trajectory of other crises, except this is two crises together --- a public health crisis and an economic crisis. The genesis of every crisis is a lack of confidence. When loved ones’ health and economic durability are both...

As Demand Increases Teraverde Promotes Mauricio Valverde to Client Success Manager Lancaster, PA. – January 14, 2020 – Teraverde®, the leading provider of profit intelligence and mortgage banking advisory services which transform financial services profitability,...

My kids and I were driving back from a school event, and Bella, my daughter asked me why I was excited about my job. Bella is seventeen years old and Jorge is sixteen, and the only world they have ever known has the iPhone, with all the services, information and...

The ride-hailing industry demonstrates the speed and impact of disruption. Disruption occurs quite quickly, and the transformation affects all industry participants (including lenders!). Let’s take a dive into the ride-hailing industry and see how one company’s...

The Mortgage Lending Industry, like many others, realizes the need to embrace technology to do more with data. Industry organizations are trying new technology solutions to improve transparency and leverage data intelligence across multiple data sources. One...

In today’s mortgage market, lenders are struggling with constantly changing rates, rising LO compensation, low productivity, and margin compression. With paper-thin margins Mortgage Bankers are looking for solutions that will help turn the profitability tide. One of...

The chart below looks at the history of costs in our industry and what several of our clients have set as aspirational goals. Will we hit the goals? The right question is "under what circumstances can we achieve these goals?" That brings into play the possibilities of...

Published in: February 2019 edition. https://thescore.vantagescore.com/article/441/5qs-jim-deitch Jim Deitch is co-founder and chief executive officer of Teraverde®. Previously, he was a co-founder, chief executive officer, and director of the American Home Bank...

"We are card counters at the blackjack table. And we're gonna turn the odds on the casino:" Billy Beane in the movie Moneyball. “Strategically Transforming the Mortgage Banking Industry” profiled Oakland Athletics General Manager Beane and his data-driven approach to...