Why wait months for market data to trickle in before understanding your relative performance? Quality benchmarking data indicative of the market is available to you through LendersBenchmark turnkey analytics platform and data consortium which delivers actionable insights while there is still time to impact performance.
Gauge your relative performance to peers and identify product, risk, and geographic segments driving overall share changes. Is a 5% increase in my lock volume this week on par with my peers?
Quickly identify areas of underperformance and segments that are growing but are not currently being targeted. Fully understand opportunity across product, risk, and geographic segments. Which segments are growing and how much opportunity is available?
Truly understand your competitive position in regards
to pricing with statistical analysis across product, risk, and geographic segments by benchmarking rate sheet pricing and transactional rates. Did my 25 bps purchase special really improve my competitive position and did it provide lift?
Full lifecycle visibility enables pull through and cycle time benchmarking to help identify relative strengths and weaknesses impacting overall performance. My cycle times have climbed 7 days over the past quarter. Is that better or worse than my competitors? Am I losing business because of it?