ERP enables lenders to easily streamline their business operations and lending processes, resulting in overall reduction of risk. This, in turn, maximizes profits as well as customer and employee satisfaction.
Every organization is different, and there is no perfect single solution that fits all lenders. Therefore, it is important to objectively assess how your business stacks up in terms of key performance indicators relative to other lenders in your market.
In other words, an ERP system alone is not the sole answer to transforming your lending business. After analyzing your current state performance and processes, you can start designing and moving toward an optimal future state.
There are many different ERP systems for lenders to evaluate, and most are very specialized. This is why it is important to work with an experienced ERP consultant with business transformation experience who understands all facets of the lending industry.
Look for someone who has worked with a variety of different lending enterprise structures and someone who can design your lending operation for maximum efficiency before looking at ERP systems.
Need a health or reality check on your lending operation? Looking for a sounding board that “gets it” when it comes to the lending business and lending solutions? Give Panorama Consulting Group a call and ask for Vanessa or Calvin – we love chatting about this stuff!
About Vanessa Davison, CMB
Vanessa co-founded several financial firms and served as a turnaround executive for three additional firms. She began her career 25 years ago, serving as President and CEO of a mortgage lending platform. She formulated and executed the corporate strategy successfully growing the organization from 36 employees to over 600 employees, while maintaining profit margins and diversifying the company’s sources of revenue within 36 months.
Her career has a rich history in the financial sector with many notable accomplishments in consumer and auto loans, small business loans and mortgage loans. She has worked for banks, credit unions, REITS, mortgage banks with call centers, retail, wholesale and correspondent channels. Vanessa successfully turned around CityMutual Financial by reworking the entire loan portfolio, restructuring operations and originations channels, which returned the company to profitability.
She is known in the industry for her strong acumen in lending origination, operations, compliance, underwriting, technology deployment and effective management of investors and warehouse lines. Due to her notable accomplishments in the industry, she lends her time serving as an instructor at the Mortgage Bankers Association’s School of Mortgage Banking.
She is a graduate from UC Berkeley and has completed advanced graduate programs at Harvard Business School and George Washington University.
About Calvin Hamler, AMP
Calvin is a former Wall Street finance professional turned entrepreneur, with proven results building and leading organizations of significant size, scale and complexity. He has managed both horizontal and vertical growth initiatives, and personally orchestrated and negotiated strategic mergers, acquisitions and joint ventures.
Prior to joining Panorama’s senior management team, Calvin started a de novo mortgage banking firm which grew to more than 600 employees generating $2.6 billion in financial asset production. He built an industry-leading capital markets trading operation at the heart of the firm, utilizing financial derivatives for pipeline and balance sheet hedging. During this time, he delivered the company’s loan production into the secondary market via bulk and forward sales, AoT (Assignment of Trade) and loan securitization.
Additionally, Calvin oversaw the firm’s IT staff in both the development of proprietary ERP systems and the selection and implementation of off-the-shelf ERP solutions. This ultimately orchestrated a joint venture with a startup software development firm to build proprietary middleware designed for the banking and financial services industries that is still widely used today.
Calvin is a Summa Cum Laude graduate, earning his degree in finance with emphasis in economics from the Daniels College of Business at the University of Denver. He has held a myriad of different securities licenses, including Series 7 General Securities Representative; Series 63 Uniform Securities Agent; Series 55 Equity Trader; and Series 24 General Securities Principal. Calvin is also a graduate of the Mortgage Bankers Association School of Mortgage Banking, having earned his AMP (Accredited Mortgage Professional) designation, and is a former board member of the Colorado Mortgage Lenders Association.