MCM Launches Secondary Marketing Efficiency Tool

In San Diego, ""Mortgage Capital Management"":http://www.mortcap.com/index.html (MCM) announced it is now offering an automated report system designed to track and report loan processing times to help banks identify their highest performing entities.

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According to a company release, reports can be produced for specific time periods to break down processing time by source, branch, and loan officer, allowing companies to see [COLUMN_BREAK]

their highest-performing branches and loan officers as well as identify areas needing to improve efficiency and performance.

MCM's timeline analysis effectively analyzes the loan process to identify the number of days loans take to move from one processing stage to the next. The report breaks down the data by product type and provides analysis information including number of extensions, extension period, and percentage of fallout experienced over the timeframe. It also calculates the average final lock period versus the original lock period.

""Useful information about the processing time can be gleaned from these reports,"" said Dean Brown, CEO of MCM. ""Time is money and extended processing time affects the company's bottom line. With these reports our clients can see where improvements need to be made before significant damage is done to the company's profits.""

The timeline analysis is part of the MCM Risk Management System, a Web-based program that accurately defines and measures risk on a loan level and trade level basis as well as by loan status and many other factors.