SUCCESS STORIES

Improved Processing Network

"We are operating as though we were five different companies"

- SVP Operations

SUCCESS STORIES

The sub-prime lending division of a major commercial bank was experiencing significant loan production volume growth. This growth led to an operations network of five (5) loan production centers defined by inconsistent processes, job functions and organizational structures. Additionally, the lack of a formal management process contributed to poor decision-making in staffing and process management.

LOBUE RECOMMENDATIONS

  • Develop a National Operations business model consisting of standardized processes, position descriptions, and organizational structure for all production centers.
  • Install a capacity management and resource utilization methodology to enable effective staff scheduling and planning.
  • Establish a Comprehensive Management Process, providing managers with critical decision-making information supporting the business strategy.

REAL RESULTS

The following programs were implemented for the National Operations Group:

  • Standardized Process flows for all business channels (Retail, Wholesale & Correspondent).
  • Standard Position Descriptions.
  • Standard Organization Structure.
  • Skills Assessment and Training Program based on new job functions.
  • Service Level Agreements established for internal and external services.
  • Self Monitoring Program developed to address compliance and quality objectives.
  • Management Process defining critical success factors supporting the business goals of productivity, service delivery, profitability and quality.

Additionally, the following quantitative results were realized:

  • A 34% productivity improvement.
  • $3,032,400 Annualized Salary Expense reduction.
  • A 20% reduction in Cost per Loan.
  • A 100% increase in Funded Loans/FTE
  • The program self-funded in less than six (6) months.
< See More Success Stories Load Success Story Generator Tool >

Success Story Generator Tool

Create yours here >

Executive Thought & News

Aug 30, 2018

Unemployment is Down The Good and The Bad Read more >

Feb 09, 2017

Insight or Oversight? Wells Fargo using Insight to Improve... Read more >

Sep 14, 2016

Check your calendar, it’s budget planning season. ... Read more >

OUR GLOBAL REACH

Learn more here >