Forecasting, budgeting, and management reporting are essential functions facilitating data-driven business decisions based on timely and accurate mortgage information. The FP&A department usually spends a large amount of time on sourcing, storing, and formatting data instead of on much-needed financial analysis and strategic planning.
Mortgage technology automates these manual data-related activities, enabling lenders to shift their focus to higher-cognitive work. FP&A processes are improved and so is the employee experience.