Effective risk management starts with strong data management. No matter how skilled or well-connected the trading desk may be, profits will take a hit if decisions are based on inaccurate, incomplete, or outdated loan data. Accurate data is the foundation for profitable and informed trading strategies.
With multiple sources sending loan data at different times throughout the day, you may encounter data inconsistencies and varied formats. Automation to capture, normalize, and resolve these issues is crucial. It stops data problems from turning into costly financial setbacks.
Implementing a process that ensures accurate, up-to-date data for daily secondary marketing decisions, while also flagging errors for upstream partners, empowers you to make timely decisions and improves data quality for future transactions.
Do you know if you have a shadow pipeline? This hidden pipeline could consist of rate locks or closed loans missing from your risk reports or pooling considerations. Left unchecked, it can grow over time, impacting your risk profile. Having monitoring and reconciliation tools in place is essential to identify and resolve these issues quickly.
> > As featured in Les Parker's TMSpotlight "Follow" daily newsletter: Do you have a shadow pipeline? Only the Shadow knows...
