M. Allen Adds Global Loan Fulfillment & Mortgage Solution Provider
Updated: May 19, 2021
I'm pleased to announce we have executed one of our largest agreements, since our company's inception over a year ago, with a global digital powerhouse and services provider (Sourcepoint, a FirstSource Solutions Company) to the financial industry (first quarter 2021 earnings release had revenue growth over 24% y/o/y).
M. Allen will be working with Sourcepoint's revenue leadership and delivering go-to-market, sales strategy, M&A diligence, marketing support and business development services.
Sourcepoint provides expertise and services that include:
Mortgage Fulfillment Services
Retail, consumer direct, wholesale, correspondent and home equity originators are optimizing their business processes through my client's customized Business Process Outsourcing (BPO)/Business Process Management (BPM) services. With cutting-edge technology, they focus on improving the customer experience, simplifying business processes, increasing productivity and creating a positive revenue impact.
Streamline post-closing and improve profitability
Declining origination volumes and stringent regulations are turning the spotlight on profitability and compliance, forcing lenders to tighten their post-closing process, and rapidly clear backlogs and secure the release of hold-back funds.
Leveraging Sourcepoint's extensive expertise in managing the post-closing function, They offer a hybrid solution that combines automation with human resources to enhance efficiencies while reducing costs. Their comprehensive services can be customized to handle their clients’ end-to-end post-closing requirements or just a select set of processes, based on specific needs. Their skilled and experienced professionals work with top tier lenders, leading mortgage servicing companies, and regional/community banks to streamline their existing manual, time consuming and error-prone processes.
Mortgage Services & Default Solutions
Whether you are fast-growing servicer looking to scale or an industry veteran looking to optimize the business you already have, my client has BPO/BPM solutions for you. Their solutions are designed to help you scale your operation, mitigate risk and reduce costs by leveraging our domain rich team and specialized capabilities.
Title & Closing Services
Sourcepoint is a one-stop shop for title and closing services for mortgage, home equity and servicing clients. With more than 25 years’ experience in providing real estate information, you can rely on my client to cover your needs from coast to coast.
Sourcepoint's Professional Services Group offers comprehensive process and consulting solutions enabling mortgage lenders and loan servicers to optimize performance, reduce costs and execute on strategic initiatives.
I'm looking forward to working with their team and helping them and their clients achieve their goals.
Additional details to come in the coming weeks.
Matt Slonaker, Founder of M. Allen & Growth Consultant