Choosing Mortgage Platform
The mortgage lending environment has changed dramatically since the introduction of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. Financial institutions find themselves struggling to build or maintain in-house mortgage operations while managing to comply with all the new regulations. Many financial institutions are considering other options that increase income, reduce expense and improve their value offering. As the Third-Party Origination (TPO) Manager at Inlanta Mortgage, I have these conversations every day. From a high level overview, here are the three main ways bank executives can approach building a mortgage platform:
1. Create and build a comprehensive mortgage platform;
2. A complete third-party outsource of the majority of mortgage processes; or,
3. Operate as a hybrid of the first two. Outsource some products and processes while retaining others.
How Do You Decide?
Deciding which route to take depends on many factors. Does your organization have the ability to build a strong and compliant mortgage operation? I’m sure you can agree that building a mortgage platform takes money and expertise. For those that do not possess the necessary resources to build or maintain an in-house operation, outsourcing mortgage operations to an experienced organization is an increasingly attractive option. Of course, there is also the “hybrid” option that is somewhere between building and maintaining and in-house mortgage platform and completely outsourcing. Read my article from the July issue of Wisconsin Mortgage Banker to learn more about the options available to you: Choosing a Mortgage Platform
Inlanta Third-Party Origination
One of the options I discuss in the article is third-party origination. As the Third-Party Origination Manager at Inlanta, I help organizations evaluate the benefits of a TPO agreement. Most of Inlanta’s existing TPO partnerships grew from the simple fact that Inlanta’s TPO partnership program allows organization to reduce expenses, increase fee income and reduce compliance burdens. I invite you to contact me for more information on the Inlanta TPO program at firstname.lastname@example.org or call me at 262-754-6494.
About Inlanta Mortgage
Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. The company has grown to 36 branches in 16 states and over 240 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as jumbo and portfolio programs. The company is an agency-approved lender for Freddie Mac, Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.
Inlanta’s mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.