Motivity Solutions Joins Lenders One Alliance as Preferred Vendor of Business Intelligence Technology
Lenders One members gain preferred access to Motivity’s business intelligence software that provides mortgage bankers with superior risk management and business performance
-With expected lower refinance volume ahead, lenders focus on improving efficiency-
DENVER, CO (February 19, 2013) – Motivity Solutions, a leading business intelligence technology provider, has become a preferred vendor for the Lenders One Mortgage Cooperative, giving its members preferred access to Motivity’s business intelligence software. Lenders One is a national alliance, with more than 240 lender members comprised of independent mortgage banking firms and correspondent lenders. It also includes suppliers of mortgage products.
Tyler Sherman, chief executive officer of Motivity Solutions, said, “Lenders One members using our Movation business intelligence software can create a productive and compliant business culture within a self-competitive environment, enabling employees to perform at their highest level. Movation drills down into a lender’s data and applies analytics to forecast and monitor how employees are performing in line with corporate goals. As lenders face the possibility of lower originations in months and years ahead, they will need to run as efficiently as possible.”
The latest Mortgage Bankers Association forecast calls for mortgage originations to fall to $1.4 trillion in 2013 from an estimated $1.75 trillion in 2012. The MBA estimates overall originations to slide even further in 2014 to $1.06 trillion as mortgage rates rise. The lower numbers are a result of the estimated refinance volume, which will peak in the first half of 2013 and then drop off in the second half of the year to $818 billion overall, down from an estimated $1.25 trillion in 2012.
With Motivity Solutions as a preferred vendor in the alliance, Lenders One member companies can access Motivity’s Movation Business Intelligence Platform at a reduced rate to help them improve their business performance. The Movation software provides mortgage companies with a business intelligence system, including superior risk management tools that transform company data into actionable information and help mitigate risk, improve productivity and remain compliant.
“We are pleased that Motivity Solutions has joined the Lenders One alliance as a preferred vendor,” said Jeff McGuinnes, CEO of Lenders One. “Our members will gain invaluable insight from Motivity’s software into whether their staffs are meeting operational and compliance goals. Senior executives will benefit from the necessary information afforded by business intelligence to make strategic, tactical and operational decisions to increase productivity and profits, originate better quality loans, and mitigate compliance risks.”
About Motivity Solutions
Motivity Solutions is the award-winning creator of business intelligence technology for the mortgage and financial services industries. Its innovative, industry leading Movation Business Intelligence Platform adds true business intelligence into the mortgage process through performance driving solutions. Motivity’s business intelligence software elevates the success of mortgage banking companies by establishing a performance-driven, self-competitive, accountable and self-compliant business culture. It generates a better understanding of a company’s performance with real-time scorecards, dashboards and dynamic reporting capabilities. Founded in 2006, Motivity Solution is located in Denver, CO. For more information, please visit MotivitySolutions.com or call (800) 411-5541.
About Lenders One Mortgage Cooperative
Lenders One (www.LendersOne.com) was established in 2000 as a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services. Members of the St. Louis-based platform originated more than $106 billion in mortgages in 2011, collectively ranking as one of the largest retail mortgage origination entities in the U.S. Lenders One, now more than 240 lender members strong, is managed by a subsidiary of Altisource Portfolio Solutions S.A. (NASDAQ: ASPS).