5X Solutions, an industry leader in mortgage business intelligence, announced today the launch of their Expense Outlier Report for mortgage lenders. The Expense Outlier Report will allow a mortgage lender’s accounting staff, regional, and branch managers to check ledger entries for values that have either exceeded or fallen below a certain threshold. Anomalies in ledger entries are easily identifiable and can be filtered by account type, basis points (BPS), and mortgage branch. This new report is designed to offer finance managers more control over the company’s expenditures. The Expense Outli ..read more

SAN DIEGO, Calif., May 20, 2021 -- 5X Solutions, LLC, a mortgage business intelligence and data analytics company, has announced the addition of loan agent compensation analysis to its automated financial reporting and mortgage business intelligence software. Users of Telemetry BI now have complete visibility to the commissions paid to loan officers. This includes loan-level details, dollars paid, and basis points (bps) for each transaction. In the past, accounting personnel would generate reports manually via spreadsheets, only to have them challenged by loan agents and branch managers questi ..read more

Getting the Most Out of Your Mortgage Business Intelligence System Click below to watch the video. er/WN_1v-6hjP6RbuOmOeTPdV3GQ ..read more

Background and History:   Technology has shaped and improved the financial industry since the invention of the first computer.  Upon development of the first scalable operating system (MSDOS), software for mortgage originators and processors were developed to replace the manual processes of pen, paper, and physical files.   In 1984, Fannie Mae[1] announced the pilot of their new “Desktop Underwriter”. This [installed] program was the first of its kind to “standardize how underwriting guidelines are interpreted, reduced discrimination by removing subjective reasoning from the dec ..read more

  Cloud Flare Co-founder and COO, Michelle Zatlyn.   Business Intelligence and data analytics provide many measurement solutions. The key to using BI properly is to determine a set of measurements that, if met, ensures the desired outcome. You don’t need to dissect data in multiple ways to have an effective measurement of company success. The goal is to keep it simple, relevant, and tied to the overall business plan and strategy you are deploying in your company. Case in point:  I recently watched an interview with the Co-founder and COO of Cloud Flare, Michelle Zatlyn, who ment ..read more

  Robotic Process Automation ("RPA") is a technology that enables a software robot (“bots”) or artificial intelligence (“AI”) digital worker to emulate a human user process to perform a redundant task. Originally designed years ago for software testing to mimic a user’s interaction with technology, its use has grown to areas well beyond the initial intent. The financial industry, and specifically the mortgage industry, is one of the widest adopters of this technology due to its ability to run countless iterations of redundant processes. There are two types of bots that can carry out a ta ..read more

How to Survive the End of the Refi Boom Tips for Aligning your Business to the Changing Lending Environment We have all seen the signs that the refi boom is coming to an end. On November 16th, 2020 [i], the Mortgage Bankers Association predicts that 2021 loan originations would shift with purchase demand increasing by 11% and refinance decreasing by 49%. If this is true, there may be a net change in demand for mortgage of 39%. Let’s assume that the MBA will get this correct within a margin of +(-) 5%. We could use this 32-44% range as a starting point for analyzing what may happen to your com ..read more

  [San Diego, CA, November 20]— 5X Solutions, LLC, a mortgage lending business intelligence and data analytics company has announced a strategic alliance with Acquavella, Chiarelli, Shuster, LLP (ACS). ACS provides certified public accounting and advisory to mortgage lenders.   This alliance will augment ACS’s services with mortgage-centric business intelligence.  5X Solutions, LLC provides ACS clients with year-end reports of key performance indicators. This report outlines financial and performance metrics that help clients gain insight into their mortgage business.   “B ..read more

It happens - people leave, they move on (or up). Even with ample notice, it can be incredibly disruptive when someone on your staff quits. This is especially true of Controllers and CFOs. A tight job market makes things even worse. What’s At Stake Controllers and CFOs are an integral part of a mortgage company’s strategic, long-term plan. When they lose someone in this capacity, they lose the financial insights that come with that person’s tenure. Staffing continuity of financial roles is critical to adapting a company’s strategic plan to the constant changes in the marketplace. A company can ..read more

    Eleven contributors to software project failure ..read more