Tedious, time-consuming workloads, managing customer relationships, you already have a lot on your plate as a lender. When you’re busy, crossing every t and dotting every i can get unintentionally glossed over. You focus on the tasks at hand and move on one thing at a time. Anything else may seem less important than what’s right in front of you. It happens. But there is one little metric that if overlooked could have big consequences: the compare ratio. And having a myopic outlook toward it could negatively impact your business.
Not all investors are created equal
With TMS Correspondent, it’s not just seeing the compare ratio, it’s understanding it that is crucial. When we talk about crossing every t and dotting every i, this is what we mean. We not only know what the compare ratio is, we understand, implicitly, how it can affect your business and how important it is to keep these numbers in line. Not all investors are created equal—we are an investor who talks the talk, and we also have the numbers to back it.
TMS’ numbers for both Vintage and FICO vs. the entire FHA market were significantly lower which makes us twice as efficient at keeping delinquencies low and twice as proficient at servicing government FHA loans, including yours.
TMS Correspondent can help
In today’s mortgage market, a lender’s ability to competently manage performance that’s measured through compare ratio is imperative to succeed. Looking at your investor and their servicing strengths and performance and understanding the compare ratio could mean the difference between a thriving business and one in major trouble.
If you’re a lender who originates FHA loans, you need to align yourself with investors that have rock-solid servicing operations, like TMS. If you sell your loans to TMS Correspondent, TMS would service the loan. And when it comes to our loan servicing performance, we let our numbers do the talking and they say we’re twice as good—which means we’re twice as good at going above and beyond to ensure your business flourishes.
