Teraverde Current Commentary

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...

As Lenders Look for Ways to Improve Profitability- Teraverde’s Profit Intelligence Platform Gains Significant Momentum Due To Explosive Growth Teraverde Hires Highly Respected Executive Relationship Manager Jim Deitch, CEO of Teraverde announced that due to...

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...

"Strategically Transforming the Mortgage Banking Industry: Thought Leadership on Disruption from Maverick CEOs" is now available for sale online. Get yours today and read it on the way to the MBA's Annual Convention in Washington D.C. next week. “Jim has captured how...

With the recent publication of Jim Deitch’s new book, ‘Strategically Transforming the Mortgage Banking Industry', Jim announced that all royalties generated by sales of the book on Amazon would go to the MBA Opens Doors Foundation. The MBA Opens Doors Foundation is...

Disruption is an important topic for my new book. Here is an excerpt: How is disruption manifesting in the mortgage world? Speaking on the topic, Brian Stoffers, Vice-Chairman of the Mortgage Bankers Association and CBRE stated that: “We have enormous strategic...

Here is a preview from my new book that will be release later this month. What are we talking about when we cite ‘strategy?’ One definition of strategy is, “a plan of action designed to achieve an overall aim.” This book defines strategy as the following: A plan of...

My new book draws inspiration from many sources. Maverick CEOs in our industry are prominent like they were in my last book. There are also unique new sources. Here is a brief excerpt: [I was fortunate to speak with] Billy Beane, an executive with the Oakland...