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ComplianceAnalyzer® ROI Analysis
We have developed this Return-On-Investment analysis to assist your organization in visualizing the cost / benefit relationship of deploying an automated compliance solution.
Below are samples of a lender that originates 10,000 loans per year:
| ComplianceAnalyzer® (CA) |
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Assumption |
A |
B |
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Transaction Fee: |
$10.00 |
$10.00 |
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Annual Transactions: |
10,000 |
10,000 |
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Violation Percentage: |
0.10% (one-tenth of 1%) |
0.20% (one-fifth of 1%) |
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Average Cost to Cure*: |
$30,000 |
$30,000 |
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No. of Loans with Violation: |
10 |
20 |
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Total Cost to Cure*: |
$300,000 |
$600,000 |
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Lender Cost: |
$100,000 |
$100,000 |
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Lender Benefit: |
$200,000 |
$500,000 |
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*Losses, fines, restitutions, legal expenses, management time, other labor costs, and etc.
*Cost to cure is based on industry average, it may differ from institution to institution. |
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Results:
Even with only 10 failures in 10,000 loan files, the lender would have incurred a whopping combined loss of $300,000. At 20 violations, the loss doubles to $600,000.
At $10.00 a transaction, the lender would save $200,000 and $500,000 dollars respectively, along with unquantifiable damage to the lender’s reputation.
A ProClose sales consultant can show you how ComplianceAnalyzer® can improve your competitive edge. Please contact a sales consultant now for more information on ComplianceAnalyzer®.
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