When it comes down to the basic question: "Why
are we all here? In case of a small business the answer is
always to make money. Sure there are many benefits in
addition to the profits, but without profits the other benefits
become too costly.
We as owners are always thinking about
profits.
I must agree that in order for this system to
work I must put profits in front of every purpose and every
procedure.
But to be more specific here are a few reasons
why my system will help improve your profits.
In an integrated system not only includes the
loan data but also includes the loan profitability.
Profits come from revenues minus expenses.
Revenues equals loans closed times the average
loan size times the average basis points earned plus other
fixed fees.
Expenses equal the average origination fees times
the commission rate plus direct loan costs and indirect
expenses.