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The Trident Group
Uniwest Mortgage Corporation
East West Mortgage
Equity Now
GEM Mortgage
THE TRIDENT GROUP
Background
The Trident Group is an affiliate of Prudential Fox & Roach Realtors, the sixth largest residential real estate company in the United States with 60 offices and 3,700 real estate agents throughout Pennsylvania, New Jersey and Delaware. The Trident Group is a one-stop shop that offers mortgage financing, title insurance, and property and casualty insurance.
The Situation
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Excessive printing, copying, handling, and shipping expenses were adding up.
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Annual off-site storage and retrieval costs were ever-increasing.
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Time was being lost and files misplaced due to sequential document movement.
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Find out how they did it, click here to request the full case study.
UNIWEST MORTGAGE CORPORATION
Background
Uniwest Mortgage Corporation, a mortgage banking company committed to serving homeowners, realtors and the mortgage broker community, has been in business for 19 years. Uniwest is headquartered in San Diego, CA and has additional offices in Carlsbad, CA and Denver, CO. Uniwest originates approximately 300 loans per month and 90 percent of its business is through its wholesale channel.
The Situation
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Storage with local records company was strenuous due to lost or misplaced files
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Courier and overnight shipping fees were substantial
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Manually stacking and faxing files was time- and labor-intensive
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Find out how they did it, click here to request the full case study.
EAST WEST MORTGAGE
Background
East West Mortgage is known as New England’s leading mortgage lender, closing more than $1 billion in mortgage loans annually. Acquired by Commerce Bank of Worcester, East West Mortgage is now a wholly-owned subsidiary, headquartered in Peabody, Massachusetts.
The Situation
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Paper-based storage was increasingly expensive.
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Leased copier and printer costs were significant and growing.
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Company wanted to increase loan processing efficiency from start to finish.
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Find out how they did it, click here to request the full case study.
EQUITY NOW
Background
Founded in 1984, Equity Now is a mid-sized direct mortgage lender that has approximately $350 million in loan origination annually. Equity Now evaluates applications, reviews appraisals, underwrites loans and sells them to investors, all within a centrally-located operation. The company is headquartered in New York City and currently has retail branches in New York and Pennsylvania.
The Situation
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Locating specific files had become a time-consuming activity.
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Paper-based processes were slowing the growth of the company.
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Overnight express and copying costs were high and escalating.
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Find out how they did it, click here to request the full case study.
GEM MORTGAGE
Background
Founded in 1986, GEM Mortgage is a mortgage banker that has grown to approximately 40 retail branches in California, Washington, Arizona, and Nevada. GEM Mortgage supplies loans for single-family residence and one- to four-unit multi-family properties. They are approximately 90 percent retail with one wholesale branch in Northern California. GEM Mortgage works with about 22 investors and currently originates in excess of $140 million in loans a month.
The Situation
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Internal document storage was rapidly shrinking.
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Company wanted to operate business more efficiently and cost-effectively.
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Find out how they did it, click here to request the full case study.
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