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Coheus

Coheus is cloud-based and seamlessly and directly integrates with any LOS.  Ready to go, with Playbook driven productivity and efficiency improvements identified for your executive to quickly optimize your business.

 

  • Over 40 sheets of actionable data provide analytics that cover every facet of your operation.
    Including Ad-Hoc Reporting.

     

  • Interactive platform designed to create transparency between loan production and LOS data
  • Identify all the reasons for fallout by loan officer and identify those who have excessive fallout and excessive concessions.

 

 

Maylin Casanueva, COO and James Deitch, CEO of Teraverde discuss the main differences between Business Intelligence and a Mortgage Engineered solutions. 

  • Upgrading your visibility over your entire lending business is the power you need to make important decisions.
  • Many lenders prefer a solution that doesn’t require a large investment of time, money, and resources…

We made this process simple for you to instantly have your data compartmentalize and get the executive view tested by leading executives.

The Story Behind Coheus – Mortgage Executive Solution:

We were working with the CEO of a client that wanted to improve their operational capacity and speed to close.  The client was using a BI tool, and try as we might, we couldn’t adapt that product to provide the information the client needed to speed throughput, manage the performance of their employees, and speed to close.  After lots of work, dead ends, and attempted workarounds, we concluded there has to be a much better way.

After speaking with other CEO and C level executives, we learned that this was a common issue with BI tools.  The BI tools did not have the domain knowledge of mortgage CEOs built in.  And the technical design was inherently limited.  Ask something that wasn’t already designed, and you either couldn’t do it, or you needed to have a developer work on the special request.  And developers are technical experts, not mortgage experts, so their work often missed the nuances of the mortgage business.  And back to the drawing board ended up using more of their resources and long periods of development time

So we decided the way to create a solution that had domain knowledge that helps CEOs and C level executives lead and manage, and to have the agility to answer executives’ need to dive into information was to invent it ourselves.  And thus Coheus was born.

We refined it by interviewing over 100 successful CEOs and incorporated their collective domain knowledge into Coheus.  How successful CEOs want to understand their business, and engineer it into Coheus.

FAQs

What LOS systems are supported?
There is a direct integration with Encompass. Other LOS systems with APIs are also supported.

What will I receive when I purchase Coheus?
You’ll receive cloud based Coheus to access critical data, organized for executives, production managers, operations managers and secondary managers. It’s a service, so no need to install anything on desktops, etc. And no need to hire administrator or other support personnel.

How does Coheus help manage my pipeline?
Up to date LOS data is at your fingertips, associated and presented in a manner that provides for a Data Informed Decision-Making Process. You get actionable decision-making information at your fingertips. No need to wait days or weeks for information from your ‘BI Team’ for reports that often miss the mark.

How does SpeedPath help manage my pipeline?
The SpeedPath provides your workers the tasks that need to get done first to maintain service levels. Your team no longer needs to look for what to do on a loan, they are provided the tasks as soon as they long into Encompass.

Can I set Task Service Levels by Product Type, Purchase, Refinance or Ease of Approval?
Yes, this is where SpeedPath MasterClock excels. You determine the service levels. For instance, you can create a set of service levels for purchase loans that are faster than refi. And you can set a quick pace for ‘slam dunk’ loans by setting service level by LTV, DTI and FICO. SpeedPath lets you prioritize loans by purpose and ‘degree of difficulty’.

Can I perform Ad-Hoc Reporting?
Yes, Ad-Hoc reporting of key data fields is supported.

How fast is data updated?
Data is extracted from your LOS system at regular intervals, usually every hour or half hour… so you are working with near real-time data directly from your LOS. Faster refresh is available as an option.

Can we get help on installing Coheus ?
Absolutely. As soon as the installation payment and agreements are executed, our team will get your data connected within days, and you can begin use. We’ll provide assistance to get up and running quickly.

What happens when I first begin using Coheus?
The first thing most clients notice is data integrity issues. You’ll see them up front, rather than finding out about them in QC, investor stipulations or non-purchase or repurchase. The biggest ROI from Coheus is finding and correcting the root cause of data integrity issues.

The next benefit is accelerating approvals, closing and investor purchase by working on loans that can be approved and funded quickly, and managing the remaining loans to a prompt decision and closing. You’ll discover missing and erroneous data, and have the chance to quickly resolve the issues.

Is Coheus  OS a Reporting System?
Coheus helps you make data informed decisions using data that is presented in the manner mortgage executives want to use the data. The associations that Coheus make are based with feedback from over 100 industry leading CEOs. You manage with data insights to make data informed decisions. Coheus is designed to support fast data informed decision making and provides ad-hoc reporting. Coheus is not intended as a ‘report generator’. Rather, it provides information highlighted and presented in an intuitive way. Coheus is a playbook to speed decisions, profit and fundings. Coheus provides actionable Profit Intelligence, not static reports.

Do You Handle Upgrades?
We keep Coheus on a path of periodic upgrades, based on user community suggestions as well as our own internal research.

Can I export data I see in Coheus?
Yes, as a CSV file, PDF etc.