{"id":2598,"date":"2018-09-25T14:16:08","date_gmt":"2018-09-25T14:16:08","guid":{"rendered":"https:\/\/preprod.housingwire.com\/knowledge\/?p=2598"},"modified":"2018-09-25T14:16:08","modified_gmt":"2018-09-25T14:16:08","slug":"6-ways-to-reduce-cost-of-loan-production-by-50","status":"publish","type":"post","link":"https:\/\/preprod.housingwire.com\/knowledge\/6-ways-to-reduce-cost-of-loan-production-by-50\/","title":{"rendered":"6 Ways to Reduce Cost of Loan Production by 50%"},"content":{"rendered":"<p>With volumes declining and compliance costs going up, the average cost to produce a loan has swelled to over $9,000. Most service providers are reporting a net loss on each loan they originate.<\/p>\n<p>What steps can lenders take to reduce the cost of producing a loan by 50%, while ensuring over 30% faster closures? We thought of six ideas.<\/p>\n<p><strong>Publisher:<\/strong> Visionet Systems Inc.<br \/>\n<strong>Date:<\/strong>\u00a0September 2018<br \/>\n<!-- [if lte IE 8]>\n<script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js.hsforms.net\/forms\/v2-legacy.js\"><\/script>\n<![endif]--><br \/>\n<script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js.hsforms.net\/forms\/v2.js\"><\/script><br \/>\n<script>\n  hbspt.forms.create({\n\tportalId: \"4509319\",\n\tformId: \"dfc9c480-f6d8-4142-bb25-af9f9175328a\"\n});\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With volumes declining and compliance costs going up, the average cost to produce a loan has swelled to over $9,000. Most service providers are reporting a net loss on each loan they originate. What steps can lenders take to reduce the cost of producing a loan by 50%, while ensuring over 30% faster closures? We [&hellip;]<\/p>\n","protected":false},"author":675,"featured_media":2599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[59,63],"coauthors":[],"class_list":["post-2598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lending","tag-top-picks","tag-white-paper"],"acf":[],"jetpack_featured_media_url":"https:\/\/preprod.housingwire.com\/knowledge\/wp-content\/uploads\/sites\/2\/2018\/09\/2018-09-Visionet-500x500.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/users\/675"}],"replies":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/comments?post=2598"}],"version-history":[{"count":0,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/media\/2599"}],"wp:attachment":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/media?parent=2598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/categories?post=2598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/tags?post=2598"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/coauthors?post=2598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}